CapitaLand Trust Issues New Units for Orchard Stake

CapitaLand Mall (SG:C38U) has released an update.

CapitaLand Integrated Commercial Trust has issued 9,041,779 new units to pay for its acquisition fee related to a 50% stake in ION Orchard and ION Orchard Link. The units were priced at S$2.0632 each, based on the average trading price over a ten-day period on the Singapore Exchange. These units, issued as part of an interested party transaction, are subject to a one-year sale restriction.

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