Link Real Estate Investment Trust (Link REIT) plans to issue HK$18.80 billion ($2.39 billion) of rights units, it said on Friday, to strengthen its capital base and position for its next growth phase.Link REIT proposed to issue 425.64 million rights units to existing holders in the proportion of one right
Link Real Estate Investment Trust plans to issue HK$18.80 billion of rights units, it said on Friday, to strengthen its capital base and position for its next growth phase.
Link REIT proposed to issue 425.64 million rights units to existing holders in the proportion of one rights unit for every five held, it said in a filing to the Hong Kong bourse. The rights units will be issued at HK$44.20 each, representing a 29.6 per cent discount to Thursday's close of HK$62.80 per unit before a trading halt. Trading in the units will resume on Monday.
Link REIT, which has a market value of $17.03 billion, said the proceeds will be used to repay existing debt, for general working capital and for future investment in retail, car park, office and logistics sectors across Asia Pacific.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CPF, EZ-Link services, multiple websites down after power outage at Microsoft AzureMultiple organisations including the Central Provident Fund (CPF) Board, EZ-Link, the Esplanade and Nanyang Technological University (NTU) saw disruptions to their web services on Wednesday as a result of the outage of the Microsoft Azure cloud service. Microsoft Azure said...
Read more »
CPF, EZ-Link services, multiple websites down after power outage at Microsoft AzureSINGAPORE - Multiple organisations including the Central Provident Fund (CPF) Board, EZ-Link, the Esplanade and Nanyang Technological University (NTU) saw disruptions to their web services on Wednesday as a result of the outage of the Microsoft Azure cloud service. Microsoft Azure said on its website that a utility power surge in the South-east Asia region at 3.19am on Wednesday had tripped a subset of the cooling units in a data centre and brought them offline. Read more at straitstimes.com.
Read more »
Texas, other US states mull ban on Chinese buying landThe proposal also would bar Russians, Iranians and North Koreans from owning real estate. Read more at straitstimes.com.
Read more »
Asensio the seventh Real Madrid player to miss Club World Cup semis(Refiles to fix order of Club World Cup in lead)By Fernando KallasRABAT :Marco Asensio is the latest Real Madrid player to be unavailable for their Club World Cup semi-final against Egypt's Al Ahly on Wednesday after the midfielder hurt his hamstring.Asensio suffered the injury in the surprise
Read more »
France’s Macron ‘changed for real’ on Ukraine, says ZelenskyMacron irked Kyiv when he stressed that Russia should not be humiliated over its invasion of Ukraine. Read more at straitstimes.com.
Read more »
Real Madrid ease past Al Ahly to reach Club World Cup finalRABAT :Real Madrid reached the Club World Cup final after goals from Vinicius Jr, Federico Valverde, Rodrygo and Sergio Arribas secured a 4-1 win over Egypt's Al Ahly in Morocco on Wednesday.Playing without several key starters like forward Karim Benzema and goalkeeper Thibaut Courtois, Real Madrid experience
Read more »