Complete Property Market Updates of Singapore

May 12, 2008

KReit Asia rights issue – why so slow?

Filed under: Financing,General,REIT — Propertymarketupdates @ 1:30 am

THE final payment date for the ongoing KReit Asia rights issue was April 25, but applicants will have to wait until May 8 to know the outcome of their applications for excess units.

Why does it take almost two weeks to announce the results of the rights issue? Surely the outcome could be published within a few days. KReit Asia would do well to ask the managers of its rights issue to refer to their counterparts who handled the recent rights issue of Olam International, which completed the entire exercise in a much shorter time.

Denis Distant, Singapore

Source : Business Times – 6 May 2008

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