SG-listed CapitaLand Retail China Trust plans to raise $203m in equity placement

Picture of CapitaMall Yuhuating in Changsha, China (Source: CapitaLand Retail China Trust Management Limited website)

China-focused and Singapore Mainboard-listed CapitaLand Retail China Trust has closed its latest private placement offering, raising S$154.30 million ($111.97 million) in gross proceeds. The private placement is part of the total equity placement offering, comprising a private placement and preferential offerings amounting to approximately S$279.40 million ($203.17 million) launched on August 01, 2019.

The gross proceeds will be used to finance the acquisition costs of three retail mall properties in China.

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