As of the date of the announcement on Oct 25, details of the use of proceeds from the private placement are as follows.
The manager of CapitaLand Ascendas REIT (SGX:A17U
) has announced that it will use 2.5% of the gross proceeds of about $500 million from a private placement to partially finance the proposed redevelopment of a logistics property in Singapore. This figure totals some $12.5 million.
The REIT carried out private placements of 183,352,000 units in May 2023.
