CRCT prices preferential offering at S$1.17 and private placement at S$1.195 per unit

Singapore

CAPITALAND Retail China Trust's (CRCT) preferential offering to unitholders has been priced at S$1.17 each, the bottom end of the indicative range.

That's at an 8.6 per cent discount to Monday's closing price of S$1.28, and a discount of about 9.2 per cent to the volume-weighted average price (VWAP) of S$1.2891 for all trades done on Monday.