by: Tam Ging Wien
All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.
On 11th September 2018 (Tue), OUE Commercial REIT (OUE C-REIT) announced a proposed acquisition of the office components of OUE Downtown for S$908 million.
To fund the acquisition, OUE C-REIT will:
Issue rights of 83-for-every-100 existing units to raise approximately S$587.5mil Take on debt of approximately S$361.6 millionIn other words, 39.8% of the acquisition will be funded by borrowings while the remaining will be funded by shareholders
...
