Brief: Spring Real Estate Investment Trust announces issuance of 114.9 mln subscription units

Spring Real Estate Investment Trust

13/04/2017 13:57

April 13 (Reuters) - Spring Real Estate Investment Trust 
 1426.HK  
    * Manager and China Orient Stable Value Fund Limited entered 
into subscription agreement 
    * Manager has conditionally agreed to procure Spring Reit to 
issue, 114.9 million new units at subscription price of hk$3.25 
per unit 
    * Gross proceeds of subscription will amount to 
approximately hk$373.37 million 
    * Manager intends to apply gross proceeds of subscription 
towards partial early repayment of amounts drawn down under 
facility 
 
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