MAS Real Estate said on Tuesday it sought to raise R2.740bn‚ or EUR180m‚ by issuing 173‚987‚429 new shares at R15.75 per share in a private placement.
The company said on February 10 that the private placement aimed to "raise additional capital to fund the acquisition of further properties‚ and enhance the size of the free float of shareholders on both the Euro-MTF market of the Luxembourg Stock Exchange and the AltX of the JSE".
