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Ascott Residence ( (SG:HMN) ) has provided an update.
CapitaLand Ascott Trust announced an update on the use of proceeds from its 2023 Equity Fund Raising, which involved a private placement and preferential offering. This move is likely aimed at optimizing their capital structure and expanding their portfolio, potentially strengthening their market position in the real estate investment sector.
More about Ascott Residence
CapitaLand Ascott Trust is a stapled group consisting of CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust, both managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd., respectively. The group operates in the real estate investment sector, primarily focusing on investments in hospitality assets across various regions.
YTD Price Performance: 0.15%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.48B
Learn more about HMN stock on TipRanks’ Stock Analysis page.
