Manulife US Reit to raise US$197.2m from 22-for-100 preferential offering
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Singapore
SINGAPORE-listed Manulife US Reit has announced a preferential offering of 22 new units for every 100 held at US$0.865 per unit to raise some US$197.2 million.
The issue price of US$0.865 represents a 7.9 per cent discount to the volume-weighted average price of US$0.9391 per unit for trades done on the Singapore bourse for the full market day on May 15.
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