CapitaLand Mall (SG:C38U) has released an update.
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CapitaLand Integrated Commercial Trust has announced the successful utilization of approximately 92.9% of the S$1.1 billion raised through equity fundraising. These funds have been primarily allocated to finance a proposed acquisition and its associated costs, reflecting CICT’s strategic investment plans. This move underscores the company’s active capital management efforts and potential growth trajectory in the real estate market.
For further insights into SG:C38U stock, check out TipRanks’ Stock Analysis page.
