Home News REITs

CapitaLand Retail China Trust to raise $300 mil through equity fund raising

Felicia Tan
Felicia Tan11/17/2020 10:46 AM GMT+08  • 3 min read
CapitaLand Retail China Trust to raise $300 mil through equity fund raising
The funds will go to financing part of the acquisition cost of the 5 business park properties and Rock Square Mall in China.
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.

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.

×
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.