CapitaLand Mall (SG:C38U) has released an update.
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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.