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AA REIT says it raised $55 million via private placement

PC Lee Published on Thu, Nov 23, 2017 / 7:12 AM GMT+8

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SINGAPORE (Nov 22): The manager of AIMS AMP Capital Industrial REIT (AA REIT) raised gross proceeds of $55 million through an overnight private placement of 42.1 million new units at $1.305 each.

See: AA REIT launches private placement to raise proceeds of $50 mil

The issue price represents a discount of 6.9% to AA REIT’s volume weighted average traded price of $1.402 per unit on Monday.