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CapitaLand China Trust ( (SG:AU8U) ) has provided an announcement.
CapitaLand China Trust has announced the issuance of 923,238 units as payment for a divestment fee related to the sale of its equity interest in the Changsha ProjectCo to the newly established CapitaLand Commercial C-REIT on the Shanghai Stock Exchange. This transaction, part of a broader strategic move, reflects the trust’s ongoing efforts to optimize its portfolio and strengthen its market position in the infrastructure securities investment sector.
The most recent analyst rating on (SG:AU8U) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on CapitaLand China Trust stock, see the SG:AU8U Stock Forecast page.
More about CapitaLand China Trust
CapitaLand China Trust is a real estate investment trust (REIT) based in Singapore, focusing on retail and commercial properties in China. It is managed by CapitaLand China Trust Management Limited and is involved in the development and management of various infrastructure and commercial projects.
Average Trading Volume: 2,230,231
Technical Sentiment Signal: Buy
Current Market Cap: S$1.37B
See more insights into AU8U stock on TipRanks’ Stock Analysis page.