KUALA LUMPUR: Sunway Real Estate Investment Trust
's (Sunway REIT) private placement of 214.76 million new units to raise RM320mil was oversubscribed by 2.8 times.
Its manager, Sunway REIT Management Sdn Bhd said the proceeds would be used to repay the short-term facility drawn down to fund the purchase of the land and building of Sunway Medical Centre and defray related expenses.
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