Malaysia’s Sunway Reit builds $171m follow-on

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By Jonathan Breen
15 Oct 2020

Malaysia’s Sunway Real Estate Investment Trust (Reit) pocketed MR710m ($171.2m) in fresh equity this week from a follow-on offering of new units.

The trust came to the market to tap investors for capital that is largely earmarked for funding the acquisition and expansion of two Malaysian properties.

Sunway tasked Credit Suisse, Maybank and RHB Investment Bank with managing the deal. The trio ran an accelerated bookbuild on Monday afternoon to ...

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