Oversubscription option exercised in Knowledge Realty Trust OFS

Capital Market Events View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

BREP Asia sellers have exercised the oversubscription option in Knowledge Realty Trust's Offer for Sale. The base offer of 740 million units (16.69 percent of unit capital) is now topped up by an additional 370 million units (8.34 percent). Total offer size stands at 1.11 billion units, or 25.03 percent of unit capital. Around 10 percent of the units are reserved for retail investors.

Likely market impact

Bigger supply from the OFS means more units available for retail and broader float, but may add near-term selling pressure on the unit price.