CICT launches preferential offering

It will close on 24 September, whilst trading is expected to begin on 2 October.

CapitaLand Integrated Commercial Trust (CICT) Management Limited launched its preferential offering on 16 September at 9 am.

The instructional booklet, along with the acceptance form and provisional allotment letter, was sent to eligible unitholders the same day. Unitholders wishing to accept their provisional allotment and, if applicable, apply for excess units must follow the instructions provided by 24 September.

Unitholders who purchased units under the CPF Investment Scheme, Supplementary Retirement Scheme, or through a finance company or depository agent, must instruct the relevant bank holding their CPFIS or SRS accounts to accept the allotments on their behalf, as per the instruction booklet.

CapitaLand has also issued 1.6 billion units via its wholly-owned subsidiaries, representing approximately 23.8% of issued units as of the record date.

The preferential offering will close on 24 September, and trading of the units on the SGX-ST is expected to commence on 2 October.