Link: https://links.sgx.com/1.0.0/corporate-announcements/K020C42T99S70C2G/b0403bdcfc70567bd2c7f03b22cd802fbcf4991db5132003efd5b089fac93ab9

Summary:

• The manager received about S$25.0 million from the vendor as a refund arising from post-completion adjustments for Westlite Toh Guan, net of a retention sum paid after obtaining its temporary occupation permit.

• Around S$1.1 million was used to pay additional transaction costs and about S$16.3 million of working capital was applied to stamp duties for the acquisition of Epiisod Macquarie Park.

• In total, approximately S$1,513.0 million was raised from the offering, cornerstone, sponsor subscription and consideration units, with a further S$404.8 million drawn from loan facilities, bringing total cash proceeds to about S$1,917.8 million.

• These proceeds have been allocated as S$1,768.7 million towards acquiring the initial portfolio (including the refund), S$67.2 million to transaction costs (including the additional S$1.1 million) and S$46.4 million to working capital (including the S$16.3 million), in line with the prospectus.

• The manager said further updates will be provided when remaining proceeds are materially disbursed and reiterated that the announcement does not constitute an offer or solicitation to subscribe for units.