CapitaLand Mall (SG:C38U) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
CapitaLand Integrated Commercial Trust (CICT) has announced the allocation of S$5.0 million from its recent S$350.3 million private placement towards debt repayment and refinancing, as well as capital expenditure and asset enhancement initiatives. This expenditure represents just 0.4% of the total S$1.1 billion equity fund raised, with the remaining proceeds intended for financing a proposed acquisition and associated costs.
For further insights into SG:C38U stock, check out TipRanks’ Stock Analysis page.
