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CapitaCommercial Trust - Rights Issue: 1-for-1 rights issue at S$0.59/share
CapitaCommercial Trust (CCT) has announced a renounceable 1-for-1 rights issue at S$0.59/share, representing 44.3% discount to yesterday's closing price.The exercise will raise S$828.3m to be used primarily for reducing existing borrowings. The rights issue will reduce gearing from current 43.1% (after taking into account fresh valuation dated 22 May …
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on May 22, 2009 at Singapore Property Stock Technical Analysis

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