CLT – AmFraser

Opportunistically turning on the equity tap

Raising S$86.8mil through a private placement. Cache Logistics Trust announced the close of a private placement of 70mil new units at an issue price of S$1.24 per new unit. Net proceeds will amount to approximately S$84.2mil. Funds raised from the private placement will be utilised to finance the acquisition of Precise Two, a fully ramp‐up warehouse that is valued at approx. S$55.2mil.

Opportunistically leveraging on its low cost of equity. We are not surprised that Cache has opted to tap on the equity market to finance its proposed acquisition. Pu