This was a busy month for me at work and I have not bought or sold anything on the market. I have subscribed to Soilbuild REIT preferential offering (Soilbuild Launches Preferential Offering to fund Bukit Batok Connection Acquisition) and also applied for excess as well.
I have received my Soilbuild REIT shares and partially of the excess I applied for. Soilbuild REIT is now 4% of my stock portfolio in terms of value. With the proceeds from the preferential offering, Soilbuild REIT has completed the acquisition of Bukit Batok Connection. The stock price of Soilbuild Business REIT went up from S$0.685 to S$0.72. This is definitely a piece of good news for investors but we still need to observe if the REIT can hold the fort well. (more…)