private placement

Marco Polo Marine raises S$21 million in private placement for business expansion

The capital injection enhances its balance sheet and provides financial flexibility for growth initiatives, says the group

The issue price represents a discount of about 4.9% to the volume-weighted average price of S$1.2701 per unit of all trades on Monday.

Clint closes private placement of 124.2 million new units at S$1.208 per unit

It will use the S$150 million raised to partially fund two buildings in Bengaluru, India

To ensure fairness to existing unitholders, the manager intends to declare an estimated "advanced distribution" of S$0.0144 per unit.

CapitaLand India Trust launches S$150 million private placement to fund two office building projects

The issue price will be between S$1.208 and S$1.237 per new unit – a discount of 2.6 to 4.9%

Priory Court in Dover. The acquisition of three government-leased assets will enhance tenant diversification and strengthen the stability of Elite UK Reit's portfolio, says Joshua Liaw, chief executive of the Reit's manager.

Elite UK Reit to acquire three UK government-leased assets for £9.2 million

To partly fund the acquisition, the Reit has launched a private placement to raise £4 million

CapitaLand Ascendas Reit announced the acquisitions of the two prime Singapore properties on Wednesday.

CapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each

Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building

As interest rates stabilise, investors may wish to raise their Reit exposure.
SENSE & CENTS

Investors should not avoid Reits over fears of dilutive equity raisings

Trust managers can drive growth with astute property purchases

The financial arm of Yangzijiang Shipbuilding says it has agreed to divest its entire treasury shareholding of 193.5 million shares at S$0.72 apiece.

Yangzijiang Financial places S$139.3 million in treasury shares for maritime investments 

It says this is in line with its strategy to capitalise on industry tailwinds driven by increasing decarbonisation

North Gem Trust is a private trust that holds the interests in the South Wing of Northpoint City.

FCT’s private placement raises S$220 million to finance Northpoint City deal, repay debt

Alongside a preferential offering, this brings the Reit’s total equity fundraising to around S$421.3 million

Parkway Life Reit, which owns Mount Elizabeth Hospital, is issuing nearly 47.4 million new units on or around Nov 1, 2024.

Parkway Life Reit’s private placement closes at S$3.80 apiece

This represents the lowest end of the estimated issue price range