Wednesday, April 6, 2022

Lendlease Global Commercial REIT Preferential Offer

If you are a Lendlease Global Commercial REIT (Lendlease REIT) unitholder (at least from 30 March 2022, 5:00 pm), you would have received a purplish-pinkish form for the application of new and excess units under the preferential offering. As stated in my previous post on Lendlease REIT, we would be applying for this preferential offering.


In summary, a total of 345,577,449 new units would be offered at SGD 0.72 each, on a pro-rata basis of 29 new units for every 100 units held as at the record date of 30 March 2022. The application deadline is on 12 April 2022.


I would also like to take this opportunity to comment on the various ways to pay for the application. With the advent of PayNow, it is much easier to pay for this preferential offering (as well as others) at the comfort of your home than to rush to the nearest ATM or taking out a banker’s draft/cashier’s order. My guess is a long time ago, when the option of using ATM is available, it was probably considered a godsend back then in terms of convenience over going to the bank and apply for the draft/order. Such is the advancement of payment technologies.

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