Units of CapitaMall Trust (CMLT.SI), which owns shopping malls, fell as much as 4.5% on Tuesday after it raised $250 million through a private placement.
At 11:32 a.m., CapitaMall Trust units were 4.3% lower at $1.795, with nearly 1.4 million shares changing hands.
The trust announced on Tuesday that it is selling 139.7 million new units for $1.79 each to fund the upgrade of its properties and investment.
Tuesday, November 1, 2011
CapitaMall Trust falls after placement
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