CapitaLand Malaysia Trust Announces Strategic Unit Placement to Raise RM250 Million

CapitaLand Investment Limited ( (SG:9CI) ) just unveiled an announcement.

CapitaLand Malaysia Trust (CLMT) has announced a proposed placement of up to 435.4 million new units, representing approximately 14.9% of the total units in issue, to raise up to RM250 million. This move is part of a strategic effort to enhance liquidity and strengthen its capital base, with the new units being allotted to existing stakeholders such as CMMT Investment Limited, Menang Investment Limited, and institutional investors like the Employees Provident Fund Board. The placement is conducted under the authority granted by the unitholders and aligns with the company’s broader financial strategy to optimize its market position.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

More about CapitaLand Investment Limited

Average Trading Volume: 10,224,403

Technical Sentiment Signal: Buy

Current Market Cap: S$12.8B

For detailed information about 9CI stock, go to TipRanks’ Stock Analysis page.