19 Tai Seng Avenue (Viva Industrial Trust)Viva Industrial Trust's 19 Tai Seng Avenue (Viva Industrial Trust)

52,047,200 new units of Viva Industrial Trust (SGX:T8B) were listed on the Singapore Exchange at an issue price of SGD0.725 on 27 November, the trust announced on the same day.

The units were issued pursuant to a private placement exercise that was revealed on 18 November. Viva Industrial Trust announced then that it was raising SGD110 million to acquire three industrial properties in Singapore.

Besides the private placement, the trust is also undertaking a preferential offering comprising of an issuance of 101,071,000 new stapled securities at an issue price of SGD0.715 per new unit.

With the issuance of the new securities, the total number of Viva Industrial Trust units in issue is 759,544,215 as at 27 November 2015.

Units of Viva Industrial Trust last changed hands on the Singapore Exchange at SGD0.715.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.