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CapitaLand Mall Trust launching placement of new units to raise $250 mil

Samantha Chiew Published on Thu, Oct 25, 2018 / 6:31 PM GMT+8

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SINGAPORE (Oct 25): The manager of CapitaLand Mall Trust (CMT) is planning to launch a private placement of about 122 million new CMT units at an issue price of between $2.049 and $2.097 per unit.

The issue price range of between $2.049 and $2.097 per unit represents a discount of about 2.52% and 4.75% to the volume weighted average price for all trades done on Thursday.

The trust intends to raise gross proceeds of up to $250 million.