On the back of news that it was acquiring three properties in China, unit price of CapitaLand Retail China Trust (CRCT) fell by more about 5% from its intra-week high of SGD1.56 on 10 June.
The REIT subsequently finished at SGD1.49 on 12 June, amid concerns of dilution, and a downgrade in recommendation from a major bank in Singapore.
Related: Doubts raised over DPU-accretion of CapitaLand Retail China Trust’s acquisition
The properties to be acquired are namely CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin, and CapitaMall Yuhuating in Changsha.
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