Placements::Launch of Private Placement to Raise Gross Proceeds of No Less than US$100.0 Million
Issuer & Securities
Issuer/ Manager
KBS US PRIME PROPERTY MANAGEMENT PTE. LTD.
Securities
PRIME US REIT - SGXC75818630 - OXMU
Stapled Security
No
Announcement Details
Announcement Title
Placements
Date &Time of Broadcast
12-Feb-2020 08:15:03
Status
New
Announcement Sub Title
Launch of Private Placement to Raise Gross Proceeds of No Less than US$100.0 Million
Announcement Reference
SG200212OTHRICLO
Submitted By (Co./ Ind. Name)
Tan Lay Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The terms "Capital Amount-New" and "Offer Price" indicated are based on the lower end of the Private Placement Issue Price Range (assuming the Upsize Option is fully exercised).
Please refer to the attachment for details.
Additional Details
Capital Amount-Old
USD 941,561,441
Capital Amount-New
USD 1,061,562,049
No. of Existing Outstanding Shares
925,003,872
New Shares Issued
129,311,000
Offer Price
USD 0.928
Attachments
Prime - Launch of Placement.pdf
Total size =387K
Related Announcements
Related Announcements
21/02/2020 07:37:15
20/02/2020 18:13:47
12/02/2020 23:10:07