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CapitaLand Ascendas REIT ( (SG:A17U) ) has provided an announcement.
CapitaLand Ascendas REIT Management Limited has announced changes to the board and its committees, following the resignation of Non-Executive Independent Director and Audit and Risk Committee member Ms Ong Lee Keang Maureen due to health reasons. The board has appointed Ms Choo Oi Yee as a Non-Executive Independent Director and member of the Audit and Risk Committee, with the board deeming her independent under SGX listing rules, and she will also serve on the Investment Committee. With these changes, the board and its key committees remain fully staffed, preserving the REIT’s governance structure and oversight functions despite the unexpected departure of a long-serving independent director.
The most recent analyst rating on (SG:A17U) stock is a Buy with a S$3.20 price target. To see the full list of analyst forecasts on CapitaLand Ascendas REIT stock, see the SG:A17U Stock Forecast page.
More about CapitaLand Ascendas REIT
CapitaLand Ascendas REIT is a Singapore-based real estate investment trust focused on income-producing industrial, business park and logistics properties. Managed by CapitaLand Ascendas REIT Management Limited, it is a major player in the Singapore REIT market, offering investors exposure to diversified commercial and industrial real estate assets.
Average Trading Volume: 10,608,326
Technical Sentiment Signal: Buy
Current Market Cap: S$13.37B
See more data about A17U stock on TipRanks’ Stock Analysis page.