Lendlease Global Commercial REIT Raises Nearly SG$197 Million from Preferential Offering; Shares Down 3%

MT Newswires

03/23

Lendlease Global Commercial REIT (SGX:JYEU) raised around SG$196.6 million after receiving valid acceptances and excess applications for 219.1 million shares from its preferential offering, according to a Monday filing with the Singapore Exchange.

Around 32.2 million excess new units will be allotted from the provisional allotments.

The remaining units were underwritten by DBS Bank, OCBC (SGX:O39), and United Overseas Bank (SGX:U11).

Trading in the new units is expected to commence on March 26.

Shares of the REIT were down over 3% in Monday trading.

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