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Sabana Reit to raise S$80m mainly for property purchases

Singapore

SABANA Reit is looking to raise gross proceeds of about S$80.2 million through an underwritten and renounceable rights issue - S$76.8 million of which will be used to partly finance the acquisition of three properties.

These are located at 107 Eunos Avenue 3, 72 Eunos

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