private placement

Manulife US REIT acquires Virginia asset for US$122 mil; proposes US$94 mil private placement to fund deal
SINGAPORE (April 29): Manulife US REIT has agreed to acquire a freehold 11-storey Class ‘A’ office asset at the Washington Metropolitan area in Fairfax, Virginia, for a consideration of US$122 million ($166.1 million) from Carr Properties. Comprising two towers dubbed Centrepointe I and II, the property is located along 4000 and 4050 Legato Road and features a total net lettable area (NLA) ...
Anchor Resources undertakes private placement to repay bond investors
SINGAPORE (Apr 9): Anchor Resources, the Malaysian goldmine operator, is selling 143.8 million new shares  at 1.53 cents each to 18 investors in a private placement to raise $2.15 million. The issue price represents a discount of 10% to Anchor’s volume weighted average price of 1.7 cents for trades done on April 3, the full market day before its trading halt on April 4. Of the ...
Mapletree Industrial Trust announces private placement to raise at least $175 mil
SINGAPORE (Feb 11): The manager of Mapletree Industrial Trust (MIT) has proposed a private placement to raise gross proceeds of at least $175 million to partly refinance the acquisition of 18 Tai Seng Street. Some $172.1 million, or 98.3% of the gross proceeds of the private placement, will go towards refinancing for the acquisition of the property, which was completed on Feb 1. The remaining ...
Ascendas REIT plans private placement to raise $450 mil mainly for recent UK acquisition
SINGAPORE (Sept 6): Ascendas REIT is raising gross proceeds of no less than $450 million in a private placement to raise funds for acquisitions and a new development. The private placement will sell about 178 million new units in Ascendas REITs to institutional and other investors at an issue price of between $2.528 and $2.606. Of the gross proceeds, $250 million or 55.5% will go towards ...
Allied Tech raises $25.2 mil in private placement to four investors
SINGAPORE (June 18): Allied Technologies on Monday raised $25.2 million by selling 420 million shares at 6 cents each to four investors in a private placement. This is to fund potential acquisitions to further expand and strengthen its service offerings in its new e-commerce business segment. Allied currently provides integrated manufacturing services ranging from design and product ...
Keppel DC REIT acquires Kingsland Data Centre
SINGAPORE (May 7): The manager of Keppel DC REIT is acquiring a 99% interest in Kingsland Data Centre for a cash consideration of $141.2 million from seller Kingsland Development and Nylect Holdings. The consideration is derived from $295.1 million, being 99% of the value of the property, less $153.9 million, being the adjustments for the 99% of the target’s net liabilities. Kingsland ...
QT Vascular raises $0.6 mil from placement of new shares to GEM Global
SINGAPORE (Jan 15): QT Vascular says it has raised $0.62 million from the capital commitment agreement entered into Gem Global. Under the agreement, QT Vascular, the manufacturer of coronary products, sold a total of 55.5 million new ordinary shares in the company at 1.125 cents each to GEM Global Yield Fund LLC SCS and GEM Investments America LLC, an associated company of GEM Global. The ...
CRCT kept at 'hold' despite slight DPU accretion from mall acquisition
SINGAPORE (Nov 30): OCBC Investment Research is maintaining its “hold” on CapitaLand Retail China Trust (CRCT) with a higher fair value of $1.63 compared to $1.61 previously, after accounting for the trust’s acquisition of Rock Square and its private placement to fund it. To recap, CRCT had formed a joint venture (JV) with its sponsor CapitaLand to acquire the entire stake of a company ...
CRCT raises $103.8 mil in oversubscribed placement for joint acquisition of Guangzhou mall
SINGAPORE (Nov 29): The manager of CapitaLand Retail China Trust (CRCT) says its private placement announced yesterday has been oversubscribed, and that it has exercised an upsize option to issue a total of 64.4 million new units at $1.612 per new unit to raise a total of $103.8 million as a result. To recap, CRCT’s manager previously proposed a private placement of 51.5 million new units in ...
Gallant Venture in private share placement to 3 investors to raise $68.2 mil
SINGAPORE (Nov 21): Gallant Venture, the investment holding company with focus on regional growth opportunities, is selling a total of 513 million new shares under a private placement to three investors at 13.3 cents each to raise $68.2 million. Half of the net proceeds will be used to finance the group’s business expansion while the other half will be used for general working ...