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OUE H-Trust plans S$238m rights issue to buy hotel extension

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Nisha Ramchandani

Nisha Ramchandani

Published Mon, Mar 7, 2016 · 09:50 PM

    Singapore

    OUE Hospitality Trust (OUE H-Trust) is carrying out an underwritten rights issue to raise S$238.6 million in gross proceeds to fund the purchase of the Crowne Plaza Changi Airport hotel extension.

    OUE H-Trust is a stapled group consisting of OUE Hospitality Real Estate Investment Trust and OUE Hospitality Business Trust.

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