Ascott Residence (SG:HMN) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
CapitaLand Ascott Trust has issued 4,659,019 stapled securities as part payment of management fees, with an issue price of S$0.9583 per security. These securities have been sold to Somerset Capital Pte Ltd, a subsidiary of CapitaLand Investment Limited, highlighting an interesting move in the management of investment fees through securities. Investors might find the strategy of using stapled securities for fee payments noteworthy, reflecting innovative financial maneuvers in the real estate investment sector.
For further insights into SG:HMN stock, check out TipRanks’ Stock Analysis page.