Elite REIT Details Preferential Offering Expenses

Elite Commercial REIT (SG:MXNU) has released an update.

Elite Commercial REIT has announced the utilization of approximately 0.6% of the £28 million raised from its recent Preferential Offering to cover fees and expenses related to the offering. This expense aligns with the previously disclosed allocation plan. The company will continue to update shareholders as the remaining funds are deployed.

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