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CapitaLand Mall ( (SG:C38U) ) has issued an update.
CapitaLand Integrated Commercial Trust has announced the allocation of approximately S$600 million raised from a private placement. The funds are being used to partially finance a proposed acquisition and for debt repayment and refinancing, as well as capital expenditures and asset enhancements. This strategic use of funds is expected to strengthen CICT’s financial position and enhance its asset portfolio, potentially impacting stakeholders positively by improving operational efficiencies and expanding its market presence.
The most recent analyst rating on (SG:C38U) stock is a Hold with a S$2.30 price target. To see the full list of analyst forecasts on CapitaLand Mall stock, see the SG:C38U Stock Forecast page.
More about CapitaLand Mall
CapitaLand Integrated Commercial Trust (CICT) operates in the real estate industry, focusing on commercial properties. It is managed by CapitaLand Integrated Commercial Trust Management Limited and is constituted in Singapore.
Average Trading Volume: 23,964,777
Technical Sentiment Signal: Buy
Current Market Cap: S$16.8B
See more data about C38U stock on TipRanks’ Stock Analysis page.
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