CapitaLand Malaysia Trust Plans RM250 Million Placement
Hot on the publication of its second quarter results, CapitaLand Malaysia Trust is announcing a placement of up to 435,400,000 new units in order to raise up to RM250 million. The operation aims to cut down debt after a string of acquisitions.
After the completion of the placement and proposed acquisitions, the manager expects a reduction of gearing to 39.6% pro-forma with a decrease of NAV to RM0.9438 (down from RM1.001 at the end of 2024)