CapitaLand Ascendas REIT (SGX:A17U) said it had received valid acceptances and excess applications for around 315.4 million preferential offering units at the close on April 15, according to a Friday filing with the Singapore Exchange.

Shares of the REIT were down under 1% in Monday trading.

The new units are expected to be listed and quoted on April 23.

The REIT had launched an equity fund raising exercise to raise gross proceeds of no less than around SG$900 million in March.