The manager of IREIT Global (SGX:UD1U) (IREIT) said on Monday night that it has raised S$142.8 million from its rights issue. Announced on 18 September, the renounceable non-underwritten Rights Issue was done on the basis of 454 units for every 1,000 units held, at an issue price of S$0.490 per Rights Unit. Valid acceptances and excess applications totaling 484.4 million Rights Units were received as at the close of the Rights Issue on 15 October 2020, an oversubscription of 166.2%. Tikehau Capital, City Developments Limited and AT Investments Limited have, pursuant to their undertakings, subscribed for their respective total provisional allotments of the Rights Units corresponding to its direct interest in IREIT, signaling their commitment and support to IREIT as long-term investors. Excluding applications from City Developments Limited and AT Investments, valid acceptances and excess applications were received for a total of 403.4 million Rights Units, representing approximately 138.4% of the Rights Units available under the Rights Issue....