News about CapitaLand China Trust —
Hot on its S$822 million acquisition of different stakes in business parks, CapitaLand Retail China Trust will raise at least S$300 million with both a private placement and preferential offering.
New shares price for the private placement will be between S$1.193 and S$1.236 per share, while existing shareholders will be able to subscribe at a price between S$1.170 and S$1.210 (the allotment ratio is yet to be determined).
The private placement exercise starts today and closes tomorrow (Wednesday 18th). For the preferential offering, the record date to be eligible is November 25th, and application will need to be made from November 30 to December 8.