Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
CapitaLand Investment Limited ( (SG:9CI) ) has provided an update.
CapitaLand Malaysia Trust (CLMT), managed by CapitaLand Malaysia REIT Management Sdn. Bhd., announced a proposed acquisition by MTrustee Berhad of three single-storey detached factories with double-storey office buildings in Senai Airport City, Malaysia, for RM72 million. The acquisition, representing 1.4% of CLMT’s total asset value, is voluntary and not mandated by Bursa Malaysia’s requirements, indicating strategic expansion in industrial assets that could enhance the company’s asset portfolio and market position.
More about CapitaLand Investment Limited
CapitaLand Investment Limited is a leading real estate investment company, primarily focused on managing real estate investment trusts (REITs) and private funds. The company operates across various real estate sectors, including retail, commercial, and industrial properties, with a strong presence in multiple international markets.
YTD Price Performance: -6.11%
Average Trading Volume: 9,496,359
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$12.39B
See more data about 9CI stock on TipRanks’ Stock Analysis page.