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Ascendas Reit slumps on S$1.2b equity fundraising

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Fiona Lam

Fiona Lam

Published Wed, Nov 11, 2020 · 09:50 PM
Intra-day fall

Singapore

UNITS of Ascendas Real Estate Investment Trust (Ascendas Reit) lost ground on Wednesday after its manager announced it was readying a war chest to acquire data centres and office buildings overseas.

The counter dipped almost 7 per cent to an intra-day low of S$2.97 within the first half hour of trading, close to the issue price of S$2.96 announced earlier in the morning for the preferential offering.

ascendas reitprivate placementData centresOffices

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