I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Friday, 26 July 2013

Keppel Reit issues 95m new units to raise S$119.7m

By
Lee Meixian
         

REIT26
 
 
Keppel Reit on Friday announced that it has successfully raised gross proceeds of S$119.7 million in an issuance of 95 million new units to institutional and other investors - KEPPEL CORP

Keppel Reit on Friday announced that it has successfully raised gross proceeds of S$119.7 million in an issuance of 95 million new units to institutional and other investors.

The money raised will be used to buy a 50-per-cent stake in 8 Exhibition Street, a property in Melbourne, Australia, it said, confirming an earlier online report from BT.

The issue price of S$1.26 per unit carried a 2.58 per cent discount to its adjusted volume weighted average price of S$1.2934 for trades done on Thursday.

DBS Bank Ltd is Keppel Reit's placement agent.


Posted by Createwealth8888 at 15:41
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