Dasin Retail Trust placement 1.2 times subscribed; purchase price for China malls unchanged
Singapore
DASIN Retail Trust's placement was 1.2 times subscribed at an issue price of S$0.78 per unit - the lower end of its indicative price range of S$0.78 to S$0.80 per new unit.
A total of 120.5 million new units will be issued to raise some S$94 million in gross proceeds. The placement was "well supported by new investors and existing unitholders", its trustee-manager said in a bourse filing late on Friday night.
The issue price represents a 6 per cent discount to the volume-weighted average price of S$0.83 per unit for trades done on June 25, the date before the placement agreement was signed…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Heineken sells more beer in Q1, sticks to outlook
US seeks 36 months’ jail for Binance founder Zhao
China’s Huawei launches new software brand for intelligent driving
Capital A chief Fernandes defers retirement, renews contract for five years
China’s SenseTime soars 36% after unveiling beefier AI model
PBOC steps up rhetoric against long-end government bond rally