CapitaLand fixes price for new shares

The issue price was fixed after deducting the final income distribution of 0.98 sen per CapitaLand unit and by applying a discount of 4.54 sen, which is an 8% discount to the ex-distribution five-day VWAMP of 56.77 sen per CapitaLand unit.

PETALING JAYA: Capitaland Malaysia Trust has fixed the price for the new shares to be issued under its distribution reinvestment plan (DRP) at 52.23 sen apiece.

This was determined based on the five-day volume weighted average market price (VWAMP) of CapitaL and units up to and including Feb 8 of 57.75 sen.