CapitaLand Mall (SG:C38U) has released an update.
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CapitaLand Integrated Commercial Trust has announced the strategic utilization of approximately S$515 million, almost half of the S$1.1 billion raised through equity fundraising, for debt repayment. The remaining funds are earmarked for financing a proposed acquisition and associated costs. This move is part of the trust’s efforts to strengthen its financial position and support growth initiatives.
For further insights into SG:C38U stock, check out TipRanks’ Stock Analysis page.
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