A leading listed real estate investment trust, Charter Hall Retail REIT (ASX:CQR) plans to strengthen its balance sheet by an institutional placement of $275 million. By this raising, the CQR will also be able to have financial flexibility to facilitate continued execution of strategy.
New shares under the $300 million equity raise would be issued at a fixed per-share price of $2.90, representing a 7.9% discount to the last close price.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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