Lendlease REIT

[Raynon]

Means retailers can buy?

 

[Shion]

Lendlease Global Commercial REIT to raise $573.8 mil through private placement​

https://www.theedgesingapore.com/ne...reit-raise-5738-mil-through-private-placement

 

[Andrew833]

LAUNCH OF EQUITY FUND RAISING TO RAISE GROSS PROCEEDS OF NO LESS THAN APPROXIMATELY S$573.8 MILLION SUBJECT TO AN UPSIZE OPTION

Issue Price Range: Between S$0.7250 and S$0.7400 for each New Unit under the Private Placement S$0.7200 for each New Unit under the Preferential Offering

Allotment ratio: 29 New Units for every 100 Existing Units

Huat ah!

 

[Paul Lee]

Is it normal for PP to pay more than PO?

Yes it is.

Else the minority unitholders will be up in arms otherwise.

 

[Paul Lee]

Means retailers can buy?

PO has always been open only to unitholders.

Of cos, if you are HNWI, you may be offered units under private placement from your wealth manager.

 

[Raynon]

Can buy more than what you are entitled to?

 

[Paul Lee]

Can buy more than what you are entitled to?

Yes.

10 char

 

[BaChorMee]

Can buy more than what you are entitled to?

Yes can. During the payment just pay the amount you want to buy, can be more than entitlement since not all will take up the offer. After that, any excess will be refunded to you

 

[Rayleigh1]

Sorry, completely new to this. How do we do this? Can only do this from 4 Apr to 12 Apr right?

 

[Raynon]

Whats the NAV after acquisition? Anybody knows?

 

[BaChorMee]

Sorry, completely new to this. How do we do this? Can only do this from 4 Apr to 12 Apr right?

Must wait for the letter from Lendlease. Usually sent by mail. The payment details , your entitlement all inside

 

[abutan]

Whats the NAV after acquisition? Anybody knows?

uncle google told me its 0.8. you can check with him.

 

[lovemyself123]

I bought through SCB last time, anyone know how to buy the rights issue?

 

[Shion]

Lendlease Global Commercial REIT's private placement 3.3 times subscribed​

https://www.theedgesingapore.com/ne...l-reits-private-placement-33-times-subscribed
The private placement of Lendlease Global Commercial REIT (LREIT) has closed with its private placement tranche 3.3 times subscribed.

The full upsize option of $75 million was exercised. This means a total of 551.7 million new units will be issued under the private placement, raising the total gross proceeds to $400 million.

The new units were sold at 72.5 cents each.

According to the REIT manager, the private placement drew “strong demand” from long-only institutional investors and real estate specialist funds, which account for more than 80% of the total proceeds.

“We are delighted with the excellent outcome of this private placement and thank all our unitholders and investors for their strong support and confidence in us. This is an important leap for us in delivering steady growing distribution per unit (DPU) and LREIT’s growth strategy," says Kelvin Chow, CEO of the manager.

Units in Lendlease last traded at 79.5 cents before its trading halt on March 22.

 

[starbugs]

Sian that the placement price is always at the low end of the indicated range, despite the 3 times oversubscription. As a unitholder, I would rather be able to subscribe to more rights units at that price.

 

[Raynon]

Anybody knows whats the gearing after the PO and purchase of GEM?

 

[Andrew833]

Anybody knows whats the gearing after the PO and purchase of GEM?

It’s JEM not GEM.
The purchase of the remaining percentage of JEM is fund by PP and PO (right issue). So no new loan, therefore same gearing ratio.

 

[reddevil0728]

It’s JEM not GEM.
The purchase of the remaining percentage of JEM is fund by PP and PO (right issue). So no new loan, therefore same gearing ratio.

Maybe JEM is really a GEM? Lol

 

[narutos]

Anybody knows whats the gearing after the PO and purchase of GEM?

Gearing after acquisition will shoot up to 40.7%

 

[singqian]

So wait 0.72 to enter?