CapitaLand Integrated Commercial Trust (SGX:C38U) reallocated SG$7.4 million in unused proceeds from its SG$1.1 billion equity fundraising to repay outstanding borrowings, according to a Friday filing on the Singapore Exchange.
The balance arose from a SG$3.2 million refund due to a lower purchase price for acquisition and reduced fees and expenses. Following the reallocation, all proceeds from the equity fundraising have been fully utilized.
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