Ascott Residence ( (SG:HMN) ) has provided an announcement.
CapitaLand Ascott Trust has announced the issuance of 15,222,357 stapled securities as partial payment of management fees. These securities have been allocated to Somerset Capital Pte Ltd, a subsidiary of CapitaLand Investment Limited, at an issue price of S$0.8708 per security, reflecting a strategic move to manage financial obligations and maintain operational efficiency.
More about Ascott Residence
CapitaLand Ascott Trust is a Singapore-based real estate investment trust and business trust, focusing on managing and investing in hospitality and lodging properties. It operates under the management of CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd.
YTD Price Performance: 7.38%
Average Trading Volume: 3,805
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.5B
See more insights into HMN stock on TipRanks’ Stock Analysis page.