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CapitaLand Ascendas REIT receives close to 170% excess applications for preferential offering

Teo Zheng Long
Teo Zheng Long • 1 min read
CapitaLand Ascendas REIT receives close to 170% excess applications for preferential offering
CLAR mentions that the allotment of excess preferential offering units will be given to the rounding of odd lots. Photo: CLAR
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The manager of CapitaLand Ascendas REIT (SGX:A17U) (CLAR) says that it received valid acceptance and excess application for a total of 315,395,845 preferential offering units on April 15.

Valid acceptances and excess applications stood at 96,136,788 and 219,259,057 preferential offering units, or 74.45% and 169.79% respectively.

CLAR mentions that the allotment of excess preferential offering units will be given to the rounding of odd lots.

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