GuocoLand Limited (SG:F17) has released an update.
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Tower Real Estate Investment Trust (TOWER REIT) has announced a proposed renounceable rights issue to raise up to RM66 million in gross proceeds. Additionally, they are seeking an exemption to allow a major unitholder, GLM Equities Sdn Bhd, and its holding company along with their PACs, from the obligation to make a mandatory offer for all remaining units. The release also includes an independent advice letter to non-interested unitholders regarding the exemption and notice of a forthcoming unitholders meeting.
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