BlackRock, Inc. has increased its stake in CapitaLand Ascendas REIT (CLAR) to just over 7%, according to a notification filed with the listed issuer on 26 March.
The increase in stake came a day after the global asset manager acquired additional units of the REIT on the open market.
Related: Institutional investors net sell CapitaLand Ascendas REIT ahead of fundraising
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