CapitaLand Retail China Trust (CRCT) announced on Nov 17, that it is seeking to raise some $300 million through an equity fund raising.

The sum will be raised through a private placement of 184,410,000 new units at an issue price of between $1.193 and $1.236 per new unit, as well as a pro rata and non-renounceable preferential offering of up to 68,997,855 new units to eligible unitholders at an issue price of $1.17 and $1.21 per unit.

The private placement will raise gross proceeds of around $220 million. It is also subject to an upsize option being exercised to issue up to 20,956,000 additional new units to raise additional proceeds of up to $25 million.

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