CapitaLand Ascendas REIT (SG:A17U) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
CapitaLand Ascendas REIT has announced the utilization of an additional S$12.3 million from its S$500 million private placement proceeds to partially finance the redevelopment of a logistics property in Singapore. This expenditure aligns with the previously stated objectives for the use of funds. The company has now detailed the allocation of proceeds, which includes funding the acquisition of Seagate’s Singapore R&D facility and other potential asset acquisitions.
For further insights into SG:A17U stock, check out TipRanks’ Stock Analysis page.