Sunway Reit fetches $171m via follow-on

By Jonathan Breen
14 Oct 2020

Malaysia’s Sunway Real Estate Investment Trust (Reit) has raised MR710m ($171.2m) from a follow-on offering of new stock.

The trust came to the market this week to tap investors for fresh capital that is largely earmarked for funding acquisitions of two Malaysian properties.

Sunway has sold 480m new units at MR1.48 each. The issuer determined the price via an accelerated bookbuild run by Credit Suisse, Maybank ...

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