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CapitaLand Mall ( (SG:C38U) ) just unveiled an announcement.
CapitaLand Integrated Commercial Trust has announced the issuance of 3,844,078 units as payment for the acquisition fee related to its recent purchase of a 55% interest in Glory Office Trust. This transaction, classified as an ‘interested party transaction,’ mandates that the issued units cannot be sold for a year, highlighting CICT’s strategic move to consolidate its position in the commercial real estate sector.
The most recent analyst rating on (SG:C38U) stock is a Buy with a S$2.50 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) is a prominent player in the real estate investment trust industry in Singapore, focusing on commercial properties. It offers a diverse portfolio of retail and office spaces, aiming to provide sustainable returns to its stakeholders.
Average Trading Volume: 23,373,173
Technical Sentiment Signal: Buy
Current Market Cap: S$17.64B
For detailed information about C38U stock, go to TipRanks’ Stock Analysis page.