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Ascendas Reit to place out 178 million units to raise S$450m

Proceeds will go towards funding property acquisitions and development projects to pursue growth opportunities


ASCENDAS Reit plans to raise gross proceeds of at least S$450 million through a private placement of 178 million new units at between S$2.528 and S$2.606 per unit.

That represents a discount of between 3.65 to 6.53 per cent of the volume...

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