Daiwa House Logistics Trust (SG:DHLU) has released an update.
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Daiwa House Logistics Trust has issued 476,778 new units to pay part of its base management fee for the period ending September 2024, at an issue price of S$0.6407 per unit. This issuance increases the total number of units to 698,430,425, with the sponsor, Daiwa House Industry Co., Ltd., holding a 13.20% stake. This strategic move aligns with the trust’s commitment to leveraging market dynamics effectively.
For further insights into SG:DHLU stock, check out TipRanks’ Stock Analysis page.