tiprankstipranks
CapitaLand China Trust Announces New Unit Issuance
Company Announcements

CapitaLand China Trust Announces New Unit Issuance

CapitaLand China Trust (SG:AU8U) has released an update.

Pick the best stocks and maximize your portfolio:

CapitaLand China Trust will issue over 16 million new units to fulfill its management fee obligations for 2023, with the units priced at S$0.9326 each and slated for issue on September 30, 2024. The payment is divided into two components, with the base and performance components of the fee paid via unit issuance to Retail Crown Pte Ltd, an entity chosen by the company. This move will increase the total issued units to approximately 1.72 billion, with Retail Crown directly receiving the new units instead of the company.

For further insights into SG:AU8U stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskCapitaLand China Trust’s New Facility Agreement Risks
TipRanks Singapore Auto-Generated NewsdeskCapitaLand China Trust Announces New CEO Appointment
TipRanks Singapore Auto-Generated NewsdeskCapitaLand China Trust Prices New 2027 Notes
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App