Ascott Residence (SG:HMN) has released an update.
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CapitaLand Ascott Trust Management Limited has announced a key disclosure under a facility agreement involving DBS Bank Ltd. The agreement contains a condition tied to the shareholding interests of the controlling shareholder and the potential change of the REIT Manager. As of now, there has been no breach of this condition, providing stability for investors in the real estate investment trust.
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