GuocoLand Limited (SG:F17) has released an update.
GuocoLand’s Tower REIT has seen a successful rights issue, with an over-subscription of 6.08%, receiving 223,172,250 Rights Units as compared to 210,375,000 available units. The excess Rights Units have been allocated according to the priority outlined in the Abridged Prospectus, with listings expected on the Main Market of Bursa Securities on 28 May 2024. This financial maneuver reflects strong investor confidence and positions the REIT for future growth.
For further insights into SG:F17 stock, check out TipRanks’ Stock Analysis page.
