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CapitaLand Investment Limited ( (SG:9CI) ) has issued an announcement.
CapitaLand Commercial C-REIT (CLCR) has set a record with its initial public offering (IPO) in China, achieving 254.5 times subscription coverage from offline institutional investors, marking the highest among retail C-REITs. The IPO, which raised RMB2.29 billion, is part of CLI’s strategy to expand its REIT management platform into China and enhance its capital recycling strategy. This move is expected to strengthen CLI’s position as Asia Pacific’s largest REIT manager, providing both domestic and international investors access to quality assets in China.
The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.65 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.
More about CapitaLand Investment Limited
CapitaLand Investment Limited (CLI) is a prominent player in the real estate investment industry, focusing on managing Real Estate Investment Trusts (REITs) across the Asia Pacific region. CLI is known for its strategic investments and management of diversified real estate portfolios, aiming to strengthen its position as the largest REIT manager in the region.
Average Trading Volume: 8,519,973
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$14.19B
For an in-depth examination of 9CI stock, go to TipRanks’ Overview page.