137 views
Logo from Elite Commercial REIT

Elite REIT’s raises $47.5m from oversubscribed preferential offering

 Its offering had a subscription rate of 121.1%.

Elite Commercial REIT raised £28m ($47.5m) from its oversubscribed preferential offering.

The REIT offered 103,354,690 units to its existing unitholders at a ratio of 214 preferential offering units for every 1,000 existing units in Elite REIT at an issue price of £0.27 ($0.46) per preferential offering unit.

At the close of its preferential offering on 10 January, the REIT received valid acceptances of pro rata provisional allotments and applications for excess preferential offering units totalling 125,225,541 preferential offering units.

The total valid acceptances translates to an overall subscription rate of approximately 121.2%, based on the preferential offering units available.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.