Home Capital Equity raising

CRCT in $279 mil private placement, preferential offering to help fund mall buys

Stanislaus Jude Chan
Stanislaus Jude Chan8/2/2019 01:38 AM GMT+08  • 3 min read
CRCT in $279 mil private placement, preferential offering to help fund mall buys
SINGAPORE (Aug 2): The manager of CapitaLand Retail China Trust (CRCT) has proposed an equity fund raising to raise gross proceeds of between $273.4 million to $279.4 million.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 2): The manager of CapitaLand Retail China Trust (CRCT) has proposed an equity fund raising to raise gross proceeds of between $273.4 million to $279.4 million.

The manager intends to use the gross proceeds from the equity fund raising to foot part of the $505.4 million bill for its proposed acquisition of three malls in China from sponsor CapitaLand.

First, CRCT will put up some 105 million new units in a private placement at an issue price of between $1.428 and $1.469. This will raise gross proceeds of approximately between $150.0 million and $154.3 million.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now