CapitaLand Integrated Commercial Trust (CICT) is offering preferential units to unitholders at S$2.007 per unit. Combined with a private placement, the REIT aims to raise S$1.1 billion, which will be used to acquire a 50% stake in ION Orchard, a luxury mall situated in Singapore's prime shopping belt on Orchard Road. Should you subscribe to the preferential units? Is the offer price of S$2.007 per unit reasonable? Is the acquisition a smart move? Will your stake be diluted if you don't subscribe? We answer all these questions and more in our latest episode.
