CapitaMall Trust sells $200 million of new shares

The CapitaMall Trust placement comes as markets take a dive on renewed concerns about the fallout from the European debt crisis.

CapitaMall Trust sells $200 million of new shares
The Atrium@Orchard mall

Singapore-listed CapitaMall Trust yesterday braved a worsening market to raise S$250 million $200 million from a share placement that it will use to fund asset enhancement initiatives at its existing shopping malls.

The follow-on sale came just one trading day after CapitaMalls Malaysia Trust issued about $106 million worth of new shares in a transaction that saw very good response and was able to price at the top of the offering range. As...

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