Kingston Properties considering APO

Ever since the JMMB Group succeeded in raising new capital via an additional offer of ordinary shares last year, local companies have been lining up to follow suit as they seek funding for expansion. Kingston Properties Limited (KPREIT) is the fourth company to prepare for such an offer, the others being Proven Investments Limited and […]

Kingston Properties Limited (KPREIT) – Share Capital Increase

Kingston Properties Limited (KPREIT) has advised that at a meeting of its Board of Directors held on October 27, 2020, the Board agreed to recommend to shareholders that the maximum number of authorized shares of the Company be increased from 1,000,000,000 ordinary shares to 2,000,000,000 ordinary shares. KPREIT further advised that the recommendation is in […]

Kingston Properties Limited (KPREIT) – Board Resignation

Kingston Properties Limited (KPREIT) has advised that Mrs Meghon Miller-Brown has resigned as a member of the Board and the Audit Committee of the Company, with effect from September 1, 2020. “KPREIT thanks Mrs. Miller Brown for her invaluable contribution to the Board and the Audit Committee and wishes her all the very best. Mrs. […]

Kingston Properties Aims For $2 Billion From Rights Issue

Kingston Properties Limited, KPREIT, which operates a listed real estate trust, expects to double its market capitalisation with a $2-billion rights issue. It would take the market capitalisation to $3.8 billion from the current $1.8 billion as at Monday. CEO Kevin Richards acknowledged that the figure represents the bullishness of the market and confidence in […]

Kingston Properties readies for $2- billion rights issue on November 8

Kingston Properties has announced November 8 as the date for its $2 billion renounceable Rights Issue. The real estate investment trust company is seeking to raise approximately $2 billion by offering to its existing ordinary shareholders the opportunity to participate in the rights issue at a rate of 1.106 new shares for every ordinary share […]