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PR Newswire
20-12-2016, 11:55 AM
Underwritten and Renounceable Rights Issue to Raise Gross Proceeds of approximately S$80.2 million
Highlights :
* The rights issue will be offered on the basis of 42 Rights Units for every 100 Existing Units
* Deep discount to the closing price of S$0.505 per unit on 19 December 2016 (approximately 48.9%)
* Approximately S$76.8 million will be used to partially finance the acquisition by Sabana REIT of the three properties (approximately 95.8% of the gross proceeds)
* The 3 properties are (i) 107 Eunos Avenue 3, Singapore 409837 (ii) 72 Eunos Avenue 7, Singapore 409570 (iii) 47 Changi South Avenue 2, Singapore 486148
* Approximately S$3.4 million will be used to pay for the total costs and expenses relating to the rights issue (approximately 4.2% of the gross proceeds)
More details in http://infopub.sgx.com/FileOpen/Sabana_R...eID=433514
Highlights :
* The rights issue will be offered on the basis of 42 Rights Units for every 100 Existing Units
* Deep discount to the closing price of S$0.505 per unit on 19 December 2016 (approximately 48.9%)
* Approximately S$76.8 million will be used to partially finance the acquisition by Sabana REIT of the three properties (approximately 95.8% of the gross proceeds)
* The 3 properties are (i) 107 Eunos Avenue 3, Singapore 409837 (ii) 72 Eunos Avenue 7, Singapore 409570 (iii) 47 Changi South Avenue 2, Singapore 486148
* Approximately S$3.4 million will be used to pay for the total costs and expenses relating to the rights issue (approximately 4.2% of the gross proceeds)
More details in http://infopub.sgx.com/FileOpen/Sabana_R...eID=433514
Specuvestor: Asset - Business - Structure.