As of the date of the announcement on Oct 25, details of the use of proceeds from the private placement are as follows.
The partial funding of acquiring Seagate’s Singapore R&D facility for $139.5 million, partial funding of key asset in Europe for $129.9 million, partial financing of redevelopment of logistics property in Singapore for $64.4 million, debt repayment for $160.4 million, and fees and expenses payment for $5.8 million.
The manager says that it will make further announcements on the utilisation of the remaining proceedings when such funds are materially used.
Units in CapitaLand Ascendas REIT closed flat at $2.75 on Oct 25.
