Vukile Property Fund to raise R250m on new units

Posted On Tuesday, 07 May 2013 18:03 Published by Commercial Property News
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Vukile Property Fund is planning to raise R250m through the issue of new linked units for cash.

Vukile Property Fund Ltd (VKE) is planning to raise R250m through the issue of new linked units for cash‚ the company said on Tuesday.

The equity raise will be offered to selected investors through an accelerated book-build process and is subject to a minimum application of R1m per investor‚ it said.

The accelerated book build is now open to public-linked unitholders as defined in the JSE listings requirements‚ the company said.

Java Capital is acting as sole bookrunner.

Last modified on Saturday, 18 May 2013 22:46

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