CapitaMall Trust said Friday its rights issue was 1.16 times oversubscribed. Under the exercise first announced in February, the real estate investment trust offered nine rights for every 10 existing units held at S$0.82 each. CMT plans to use a major portion of the proceeds to repay borrowings totalling S$956.2 million due this year. The offer closed on Wednesday. CapitaMall Trust is a unit of real...
Rights Issue
CapitaMall Trust said its S$1.23 billion rights issue has been oversubscribed. The offer closed on Thursday, and final results will be released soon. CapitaMall Trust, a unit of CapitaLand, said last month that it would offer nine rights for every 10 existing units at 82 cents each. It said a major portion of the proceeds would be used to repay borrowings of S$956 million due this year. Source :...
CapitaLand said its S$1.84 billion rights issue was 1.22 times oversubscribed. Southeast Asia's largest property developer first announced the fundraising exercise last month. It offered one rights share for every two existing shares at S$1.30 each. CapitaLand said its major shareholder Temasek Holdings took up its entire 40 per cent allotment of the rights shares. The rights shares are expected to be...
Property developer CapitaLand said its S$1.84 billion rights issue has been oversubscribed. It cited indicative figures available at the close of the offer on Thursday. CapitaLand said the final number is subject to validation of acceptances and excess applications received by the Central Depository and CapitaLand's share registrar. CapitaLand had offered one share for every two existing shares at S$1.30...
Property giant seeks $3.07 billion from existing shareholders IN A move to position itself for "opportunities in distressed assets", property giant CapitaLand is looking to raise $1.84 billion in a rights issue that analysts say could be a precursor of more fundraising exercises for developers. South-east Asia's largest property developer and its subsidiary - CapitaMall Trust (CMT), which has planned a...
Property giant CapitaLand is looking to pad its portfolio with good buys amid the current global recession. The company aims to raise S$1.84b in a rights issue, and is eyeing distressed assets in China. China is one of its key markets, accounting for some 45 per cent of CapitaLand's earnings. Liew Mun Leong, CapitaLand Group president and CEO, said: "In China, we are quite well known for taking over...
Singapore developer CapitaLand announced Monday that it will raise S$1.84b through a rights issue. It says eligible shareholders will be entitled to subscribe for one new ordinary share for every two existing ordinary shares held as at the book closure date of 23 February, at S$1.30 per rights share. The company said the rights issue is a strategic initiative that is consistent with its policy of...
Property developer City Developments (CDL) has denied market talk that it is planning a rights issue. In a statement to the Singapore Exchange, CDL said there is no truth to the rumours. Late last month, the company had issued S$100 million of Islamic notes to fund its shariah-compliant business. The trust certificates are due in 2010. On Wednesday, shares of CDL fell 4.2 per cent to S$5.28. The...
CAPITALAND is considering a rights issue to raise about $1.5 billion, by offering one new rights share for every four existing shares at $2.20 each, people familiar with the situation said on Friday. "The consideration is for the capitalincrease to take place around mid-February, but there is no firm decision," one person said. The Singapore-listed developer revealed on Friday that it had received...
Mapletree Logistics Trust is planning to raise nearly S$607 million through a renounceable rights issue. It is issuing about 831 million rights units at 73 Singapore cents each, representing a 21.4 per cent discount to MapletreeLog's volume weighted average price on June 24. Unit holders will get three rights units for every four units held. The net proceeds will be used to finance or refinance the...