Singapore-listed CIT issues new share units worth $689m

Cambridge Industrial Trust Management Limited (CIT), a Singapore based  industrial REIT, CIT which has been publicly listed on the Singapore Exchange Securities Trading Limited since 2006, has issued 1,214,643 new units at S$0.7173 per unit.

The management fee is S$871k while the total number of units in issue is 1,279,804,192, of which the manager (i.e. CIT) is holding 12,400,780 units. This implies a value of S$918 million (US$ 689.1 million), with CIT holding a value of S$8.895 million.