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CapitaLand Retail issues new units via private placement

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CapitaLand Retail issues new units via private placement

CapitaLand Retail China Trust's new 64,392,000 units commenced trading on the main board of Singapore Exchange Securities Trading Ltd. Dec. 7.

The units, issued in a private placement at S$1.612 apiece, increased the company's total number of units in issue to 966,225,901 from 901,833,901. They will be ranked equivalent to the existing units and be entitled to any distributable income from Dec. 7 to Dec. 31, as well as distributions thereafter.

The company previously said the expected gross proceeds of S$103.8 million would be used to bankroll its proposed acquisition of the Rock Square mall in Guangzhou, China, alongside CapitaLand Ltd.

As of Dec. 6, US$1 was equivalent to S$1.35.