The latest announcement is out from CapitaLand China Trust ( (SG:AU8U) ).
CapitaLand China Trust Management Limited announced the issuance of 19,612,240 units in CapitaLand China Trust at an issue price of S$0.7077 per unit. This issuance includes units allocated for management fees for the year 2024, with a portion directed to Retail Crown Pte Ltd, a related entity. This move reflects the company’s adherence to its trust deed and IPO prospectus, potentially impacting its market positioning by maintaining transparency and aligning with shareholder interests.
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, which oversees its operations and strategic direction.
YTD Price Performance: 2.17%
Average Trading Volume: 2,118,573
Technical Sentiment Signal: Buy
Current Market Cap: S$1.21B
For a thorough assessment of AU8U stock, go to TipRanks’ Stock Analysis page.