Units of CapitaLand Ascott Trust finished the trading day on 29 August about 2.5% lower from its previous close, in the wake of tepid response for its preferential offering exercise.
CapitaLand Ascott Trust is a Singapore Exchange (SGX)-listed landlord of hospitality and student accommodation assets.
The trust recently conducted an equity fundraising exercise to partially fund the acquisition of three lodging assets in the UK, Ireland and Indonesia.
Related: CapitaLand Ascott Trust to raise SGD300 million for three-asset acquisition
Dear members, please login to continue reading this article.
Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?