Reuters, 22 May 2009, Kevin Lim
CapitaCommercial Trust (CCT) (CACT.SI), a property trust managed by CapitaLand (CATL.SI), launched a rights offer on Friday to raise S$828 million ($573 million) to reduce debt as prices of offices tumble.
CCT will offer existing shareholders one new units for every one held at S$0.59 a unit, which translates to a discount of about 44 percent to the closing price of S$1.06 a share.
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