Tue, Nov 17, 2020 – 10:56 AM
CAPITALAND Retail China Trust (CRCT) on Tuesday launched an equity fundraising to finance part of its proposed purchase of interests in business parks and a Guangzhou mall.
The private placement’s indicative issue price range is S$1.193 to S$1.236 per new unit.
That represents a discount of about 3.4-6.8 per cent to CRCT’s closing price of S$1.28 on Monday. Also, it is at a 4.1-7.5 per cent discount to the volume-weighted average price (VWAP) of S$1.2891 per unit of all trades on Monday.
Meanwhile, the preferential offering will carry an issue price between S$1.17
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