Centurion Corporation Moves Closer to REIT Listing

An announcement from Centurion Corporation Limited ( (SG:OU8) ) is now available.

Centurion Corporation Limited has received an eligibility-to-list letter from the Singapore Exchange Securities Trading Limited for its proposed Centurion Accommodation REIT. This marks a significant step towards the REIT’s listing, although final details and approvals are still pending. The announcement highlights the company’s strategic move to expand its market presence through the REIT, though stakeholders are advised to exercise caution as the transaction’s completion is not guaranteed.

The most recent analyst rating on (SG:OU8) stock is a Buy with a S$1.11 price target. To see the full list of analyst forecasts on Centurion Corporation Limited stock, see the SG:OU8 Stock Forecast page.

More about Centurion Corporation Limited

Centurion Corporation Limited is a company incorporated in Singapore, primarily involved in the real estate sector. It focuses on providing accommodation solutions and is exploring the establishment of a real estate investment trust (REIT) to enhance its market presence.

Average Trading Volume: 2,018,367

Technical Sentiment Signal: Buy

Current Market Cap: S$1.5B

For detailed information about OU8 stock, go to TipRanks’ Stock Analysis page.