Keppel-KBS US Reit launches rights issue to raise US$93.1m
Gross proceeds from the rights issue will finance partially the proposed acquisition of Westpark Portfolio
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Singapore
THE manager of Keppel-KBS US Reit on Monday night announced the launch of an underwritten, renounceable rights issue to raise gross proceeds of around US$93.1 million.
Both Keppel Capital Investment Holdings and KBS SOR Properties will take up their full entitlement of the rights units, but the Reit manager will not be subscribing for its pro rata share of the rights units.
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