Ascendas Innovation Hub, one of the properties that will be inducted into CapitaLand Retail China Trust's portfolio. (CapitaLand)Ascendas Innovation Hub, one of the properties that have been inducted into CapitaLand China Trust's portfolio. (CapitaLand)

CapitaLand China Trust (CLCT) has priced its recently announced placement exercise at the lowest end of an indicative range.

The units were priced at SGD1.165 each, suggesting that the fundraiser has been met with a less-than-stellar reception from investors despite an oversubscription.

Related: CapitaLand’s China REIT launches SGD150 million fundraiser in foray into logistics sector

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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.