Ascendas Reit opens preferential offering; completes US office acquisition

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ASCENDAS Real Estate Investment Trust's (Ascendas Reit) preferential offering to unitholders has launched at 9am on Monday and will close at 5pm on Dec 1. Read more at The Business Times.

ASCENDAS Real Estate Investment Trust's preferential offering to unitholders has launched at 9am on Monday and will close at 5pm on Dec 1.

The manager on Monday said it expects the trading of the new preferential offering units to start on Dec 9. Two weeks ago, it announced that the preferential offering's issue price had been fixed at S$2.96 per new unit. That represented a 7.8 per cent discount to the volume-weighted average price of S$3.2096 for trades done on Nov 9 up to the time the underwriting agreement was signed on Nov 10.

The preferential offering will be done on the basis of 37 new units for every 1,000 existing units held at Nov 18 at 5pm.to partially finance potential and proposed acquisitions of office buildings and data centres in the US, Europe, Australia.

 

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