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Ascott Residence ( (SG:HMN) ) has issued an announcement.
CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd. announced that the REIT’s trustee, DBS Trustee Limited, and Sumitomo Mitsui Banking Corporation Singapore Branch have entered into a facility agreement for a S$70,000,000 uncommitted multicurrency revolving credit facility. This agreement includes a condition related to a change in the REIT Manager, which has not been breached as of the announcement date.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.05 price target. To see the full list of analyst forecasts on Ascott Residence stock, see the SG:HMN Stock Forecast page.
More about Ascott Residence
Ascott Residence is involved in the real estate investment industry, primarily focusing on managing real estate investment trusts and business trusts. The company operates under the laws of the Republic of Singapore and is managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd.
Average Trading Volume: 9,226,796
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$3.46B
See more insights into HMN stock on TipRanks’ Stock Analysis page.