Daiwa House Logistics Trust (SG:DHLU) has released an update.
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Daiwa House Logistics Trust has issued 450,031 new units to its manager, Daiwa House Asset Management Asia Pte. Ltd., as payment for an acquisition fee of approximately S$0.26 million, related to the recent acquisition of a logistics asset in Vietnam. The units were priced at S$0.5699 each, and according to the Trust’s policies, they are not to be sold within one year of issuance. This move follows the completion of the asset purchase on 5 July 2024, adhering to the Monetary Authority of Singapore’s guidelines.
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