Skip to main content

OUE Hospitality Trust Rights Issue Over Subscribed

OUE Hospitality Trust Logo

On 6th April 2016, OUE Hospitality Trust announced that the rights issue was 139.9% subscribed.

I have taken up the rights and should see the stapled securities being added to my Central Depository by Wednesday, 13th April 2016.

Mr. Christopher Williams, Chairman of the REIT Manager, said: “We would like to thank stapled securityholders for their tremendous support of OUE H-Trust’s rights issue. The acquisition of CPEX will allow OUE H-Trust to further benefit from Changi Airport’s growth in the coming years as Terminal 4 is expected to be completed in 2017 and Jewel Changi Airport is expected to open in 2019.”

Number of Rights Stapled Securities % of Rights Issue
Valid acceptances 419,862,598 95.0%
Excess applications 198,232,740 44.9%
Total 618,095,338 139.9%

 

2 thoughts on “OUE Hospitality Trust Rights Issue Over Subscribed

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to My Sweet Retirement via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.