$Lendlease Reit(JYEU.SI)$ Lend

Lendlease REIT to acquire the remaining 30% interest in PLQ Mall it does not already own.

REIT is launching an underwritten non-renounceable preferential offering to raise $196.6 million by issuing nearly 352.4 million units at 55.8 cents each at a ratio of 119 new units for every 1,000 existing units.

Upon completion of the transaction, Lendlease REIT will own 100% of PLQ Mall, increasing its total asset value to $4.2 billion with 90% of the portfolio value in Singapore.

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.

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