Separately, parent Keppel Corp announced the sale of 75 million Keppel Reits shares at S$1.33 to raise S$99.75 million - PHOTO : KEPPEL
Keppel REIT is raising S$53.2 million via the placement of 40
million new shares at S$1.33 per share. The net proceeds from the
placement will be approximately S$52.3 million, after deducting the
underwriting and selling commission and other estimated fees and
expenses (including professional fees and expenses). The issue price is a
discount of 0.64 per cent to the adjusted volume weighted average price
of S$1.3385 per unit on February 21. The bulk of the funds raised will
be used to repay outstanding borrowings, general corporate and working
capital purposes. The placement will increase total traded unit base by
1.52 per cent.
Separately, parent Keppel Corp announced the sale of 75 million Keppel Reits shares at S$1.33 to raise S$99.75 million. The sale will reduce Keppel Corp's interest in Keppel Reits to 71.66 per cent, from 75.59 per cent prior to sale.
Separately, parent Keppel Corp announced the sale of 75 million Keppel Reits shares at S$1.33 to raise S$99.75 million. The sale will reduce Keppel Corp's interest in Keppel Reits to 71.66 per cent, from 75.59 per cent prior to sale.
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