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Private placement by Suntec raises questions

Couldn't the Reit have taken another route to avoid dilution for minorities?

Some minorities would also not be comforted by the news that the purpose of the $350 million placement was ostensibly not for growth purposes, but for debt repayment - PHOTO: SPH

MINORITY investors in Suntec Reit experienced that sinking feeling when they woke up on Wednesday to the news that the real estate investment trust had placed out 218 million new units overnight - not to them, but to private and institutional investors.

Suntec units, which were trading at...

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