Starhill Global Real Estate Investment Trust yesterday announced plans to raise S$337.3 million ($232 million) from a renounceable one-for-one rights issue. The Reit, which invests in retail and office properties, said the money may be used to pare down its existing debt and to put it in a better position to capitalise on acquisition opportunities.Rights issues have become a popular means for Singapore-listed companies to shore up their capital as the credit crunch has made bank financing either difficult to come by or prohibitively expensive. For the city-state's Reits, the ...