CapitaLand Ascendas REIT Utilizes Further Proceeds from Private Placement

MT Newswires

2024/10/28

CapitaLand Ascendas REIT (SGX:A17U) utilized proceeds from the gross proceeds of around SG$500.0 million from a private placement activity, a filing with the Singapore Exchange said on Friday.

The REIT utilized proceeds to partially finance the development of a logistics facility and for the repayment of debt.

The remaining balance of the proceeds is now SG$32.1 million.

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