CapitaLand Mall (SG:C38U) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.