Shares & Derivatives
AIMS AMP Capital Industrial REIT Rights Issue
By Get Rich Happily  •  February 17, 2014
AIMS AMP Capital Industrial REIT announced a 7 for 40 underwritten and renounceable rights issuance which will be open to all eligible unitholders. The rights issue aimed to raise gross proceeds of approximately S$100.0 million. The majority of the funds raised will be used to finance asset enhancement initiatives, development projects and/or third party acquisitions in Singapore, and a portion will be used to pay down debt, working capital purposes, as well as cover the equity issuance costs. The rights issue would provide unitholders with the opportunity to subscribe for rights units at an issue price of S$1.08 per rights unit, which is at a discount of 23.7 percent to the closing price of S$1.415 per unit on 14 February 2014 and 20.9 percent to the theoretical ex-rights price of S$1.365. You can find the presentation slides here. The important dates and events are listed below: aimsampreit_rights_2014 If you ......
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By Get Rich Happily
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