CapitaMalls Asia will offer units in its Msian Reit IPO at an indicative price of RM1.08 each. The final retail price will be the lower of the retail offer price of RM1.08 per unit or the institutional price less a 2 sen discount. The institutional price will be determined by way of book building. Under the IPO, CMA will offer 786m units to institutional investors in Malaysia and overseas, and to the retail investors in Malaysia.
CMA will retain a stake of 41.74% in CapitaMalls Malaysia Trust. If an over-allotment option of up to 15% of the offering is exercised, CMA's stake will fall to 33%. EPF and GE Life (M’sia) have signed up as cornerstone investors for the IPO to subscribe for 90m units, or 11.4% of the total offering. The offering will close on Jul 5.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment