Daiwa House Logistics Trust (SG:DHLU) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Daiwa House Logistics Trust (DHLT), managed by Daiwa House Asset Management Asia, has announced an extension to the completion date for its pending acquisition of a logistics asset in Vietnam, now set for 29 August 2024. This change comes as a result of slower-than-expected Vietnamese regulatory approval processes. The Monetary Authority of Singapore has granted DHLT a waiver, allowing more time for the acquisition to be finalized without foreseeing any issues that could hinder the completion.
For further insights into SG:DHLU stock, check out TipRanks’ Stock Analysis page.