Parkway Life Real Estate Investment (SG:C2PU) has released an update.
Parkway Life Real Estate Investment Trust has received approval from the Singapore Exchange for the listing of 47,369,000 new units as part of a private placement intended to raise approximately S$180 million. This move aims to enhance the trust’s capital base, providing a boost to its investment capabilities in the real estate sector. Investors should note that the listing approval is not an endorsement of the investment’s merits.
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