CapitaLand China targets S$300m for acquisitions

By Rashmi Kumar
17 Nov 2020

CapitaLand Retail China Trust is tapping equity investors for S$300m ($223.16m) to fund a spate of property acquisitions.

The Singapore-listed issuer is taking a two-pronged approach to its transaction, combining a private placement with a preferential rights offering. Bookbuilding opened on Tuesday morning.

The placement comprises 184.41m new units at between S$1.193 and S$1.236 each, which would raise S$228m at the top end. The size ...

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