The preferential offering by Capitaland Integrated Commercial Trust (CICT) to raise proceeds of around $757 million to fund the acquisition of 50% stake in Ion Orchard is ongoing and will close on 24 Sep 2024 9.30pm by ATM or earlier at 5.30pm by other means. CICT is offering around 377 million shares to existing shareholders at a ratio of 56 preferential offer shares for every 1,000 existing shares at a price of $2.007. The sponsor of the Reit, Capitaland Investment has irrevocably undertaken to subscribe their entitled preferential shares in full. I find no compelling reason to not increase my investment in CICT which established itself as a pioneer in the retail Reit space before merging with Capitaland Commercial Trust in 2020, offering retail investors like us the unique opportunity to owning slices of Singapore's most iconic shopping malls including the likes of Raffles City, Westgate, Funan and top quality grade A commercial skyscrapers in the CBD such as CapitaGreen, Asia Square Tower 2, Capita Sky,...