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CapitaLand Mall ( (SG:C38U) ) just unveiled an update.
CapitaLand Integrated Commercial Trust announced a reduction in purchase consideration for its proposed acquisition, resulting in a refund of S$3.2 million due to finalized completion adjustments. Additionally, owing to lower-than-anticipated fees and expenses associated with its equity fund raising, CICT has an aggregate balance of S$7.4 million, highlighting effective cost management and potentially enhancing future financial flexibility.
More about CapitaLand Mall
CapitaLand Integrated Commercial Trust (CICT) operates in the real estate investment sector and primarily focuses on commercial properties in Singapore. As a trust, CICT manages a diverse portfolio of retail and office spaces, aiming to deliver sustainable distribution returns to its investors.
YTD Price Performance: 12.03%
Average Trading Volume: 31,588
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $10.72B
See more insights into C38U stock on TipRanks’ Stock Analysis page.
