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CICT receives 48.5% excess applications for preferential offering

Ashley Lo
Ashley Lo • 2 min read
CICT receives 48.5% excess applications for preferential offering
CICT’s preferential offering units are expected to be listed and quoted on the mainboard of the SGX-ST with effect from 9.00 a.m. on Oct 2. Photo: CICT
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The manager of CapitaLand Integrated Commercial Trust (SGX:C38U) (CICT) says the REIT has received valid acceptances and excess applications for a total of 492,535,540 preferential offering units, as at the close of the preferential offering on Sept 24. 

Valid acceptances and excess applications stood at 309,500,558 and 183,034,982 preferential offering units, or 82% and 48.5% respectively.  

According to the manager, the balance of 67,803,416 preferential offering units which were not validly accepted or not taken up is set to be allotted to satisfy applications for excess preferential offering units.

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