Precinct gets applications for nearly twice its $30m retail offer

Tue, 06 Jul 2021

The $30 million retail part of Precinct Properties' $250m capital raising has closed with applications almost double the number of shares available.The landlord and developer said it won't be accepting over-subscriptions after receiving applications for $58m worth of shares.It sold $220m of shares to new and existing institutional shareholders through a placement last month.Retail investors were able to apply for up to $50,000 worth of shares each and the company said more than 6,500 of its shareholders applied with an average applicati...

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