BRIEF-Vukile Property Fund says capital raised increased to 900 mln rand

  • Reuters
  • Stock Market News
BRIEF-Vukile Property Fund says capital raised increased to 900 mln rand
Credit: © Reuters.

July 18 (Reuters) - Vukile Property Fund Ltd VKEJ.J :

* Amount of capital raised increased from 500 million rand to 900 million rand through placing of aggregate of 48.1 million new shares

* Book was significantly oversubscribed, even at 900 million rand level

* 71.25 million rand was raised by way of placement with management at 18.80 rand per share

* 250 million rand was raised by way of placement with Encha SPV at 18.53 rand per share in terms of Encha equity funding

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