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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

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...

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