Ascott Residence Trust's private placement priced at S$0.983 each; units end 4.8% lower
Placement saw participation from new and existing institutional and other accredited investors, says Reit's manager
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Singapore
ASCOTT Residence Trust (ART)'s private placement closed about two times covered and was priced at the bottom end of its price range, at 98.3 Singapore cents per new stapled security.
The private placement saw participation from new and existing institutional and other accredited investors, the managers of the real estate investment trust (Reit) said in a bourse filing on Friday.
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