The Business Times
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rights issue

Companies & Markets

LMIRT launches rights issue to raise S$63 million

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

Investors should not avoid Reits over fears of dilutive equity raisings

Artist's impression of First Sponsor's Star of East River project in Dongguan, China. The group in August proposed a rights issue.
Companies & Markets

First Sponsor raises S$244 million from oversubscribed rights issue

An artist's impression of First Sponsor's Star of East River project in China. Net proceeds from the rights issue will be used to fund the company's expansion plans.
Companies & Markets

First Sponsor seeks to raise S$283.8 million in convertible perps issue

Melvin Ang is founder and executive chairman of entertainment and content production company mm2 Asia.
Companies & Markets

mm2 Asia chairman subscribes for S$6.1 million worth of rights shares

SGX RegCo reached a resolution with Stamford Land that will see the company's controlling shareholders make a S$2 million donation to the SGX Investor Education Fund
Opinion & Features
HOCK LOCK SIEW

SGX RegCo’s resolution with Stamford Land spotlights rules on allotment of rights shares

Stamford Land's Grade A commercial office at 8 Finsbury Circus in London.
Companies & Markets

Stamford Land shareholders donate S$2 million to SGX education fund in resolution over allocation of rights

Great Western House, Birkenhead, UK, one of the properties in Elite Commercial Reit's portfolio. At £0.27 per unit, the issue price represents a discount of 10 per cent to the volume weighted average price of £0.30 on Monday.
Companies & Markets

Elite Commercial Reit launches fully underwritten preferential offering at £0.27 apiece

Seatrium says it will continue to make periodic announcements on the use of the net proceeds as and when they are materially disbursed.
Companies & Markets

Seatrium left with S$300 million net proceeds from S$1.5 billion rights issue in 2021

Amid high interest rates, listed trusts should try to sell assets to raise proceeds to fund acquisitions, instead of tapping equity funding.
Opinion & Features
THE LEVEL GROUND

Reits, business trusts should avoid raising new equity to fund acquisitions

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