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Ascott Residence ( (SG:HMN) ) has issued an update.
CapitaLand Ascott Trust has entered into a facility agreement with The Bank of East Asia, Limited, Singapore Branch, for a sustainability-linked term loan facility of up to S$50,000,000. This agreement includes specific conditions related to the unitholding interests of controlling unitholders and the role of the BT Trustee-Manager. As of the announcement date, there have been no breaches of these conditions, indicating stable compliance with the terms of the loan, which could positively impact the company’s financial operations and stakeholder confidence.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.13 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
CapitaLand Ascott Trust is a stapled group consisting of CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust. The company operates within the real estate investment sector, focusing on hospitality properties and is managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd.
YTD Price Performance: 2.40%
Average Trading Volume: 4,861,960
Technical Sentiment Signal: Sell
Current Market Cap: S$3.27B
For an in-depth examination of HMN stock, go to TipRanks’ Overview page.