CapitaMall Trust

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.
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The Atrium@Orchard mall </div>
<div style="text-align:left;"> The Atrium@Orchard mall </div>

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 indicated by their names, the two trusts are both part of the same group. CapitaMalls Malaysia owns and operates shopping malls in Malaysia and is listed in Kuala Lumpur, while CapitaMall Trust focuses...

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