CapitaLand China Trust (SG:AU8U) has released an update.
CapitaLand China Trust will issue over 16 million new units to fulfill its management fee obligations for 2023, with the units priced at S$0.9326 each and slated for issue on September 30, 2024. The payment is divided into two components, with the base and performance components of the fee paid via unit issuance to Retail Crown Pte Ltd, an entity chosen by the company. This move will increase the total issued units to approximately 1.72 billion, with Retail Crown directly receiving the new units instead of the company.
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