$FIRST REAL ESTATE INV TRUST(AW9U.SI)$First Real Estate Investment Trust (First Reit): The Reit's manager on Monday announced a renounceable rights issue to raise S$158.2 million, which it said was critical for it to meet its debt covenants. The manager is proposing to issue around 791.1 million units at an indicative price of 20 Singapore cents each.
No wonder the price is free falling
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments