Parkway Life Real Estate Investment (SG:C2PU) has released an update.
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Parkway Life Real Estate Investment Trust is launching an equity fund raising through a private placement to generate at least S$180 million. The units will be priced between S$3.80 and S$3.88, with DBS Bank, OCBC, and HSBC Singapore serving as joint lead managers and underwriters. This move aims to strengthen the company’s financial position in the competitive real estate market.
For further insights into SG:C2PU stock, check out TipRanks’ Stock Analysis page.