Singapore business confidence drops to near 2-year low in Q4, Australia’s Lendlease Global seeks to list Reit on SGX to raise S$1.03b at
THE proposed equity fundraising comprises a private placement of 135 million new units in Keppel DC Reit at an issue price that is between S$1.703 and S$1.744 per unit, to raise gross proceeds of between S$229.9 million and S$235.4 million as well as a preferential offering at an issue price of between S$1.67 and S$1.
71 per unit, to raise between S$238.4 million and S$243.9 million.THE auditors noted that for the year ended March 31, 2019, the group's total current liabilities exceeded total current assets by S$15.5 million, and it had incurred a net loss of S$23 million while having negative cash and cash equivalents of S$1 million.
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