CapitaLand Integrated Commercial Trust (SGX:C38U) completed the acquisition of Paragon, according to a Wednesday filing with the Singapore Exchange.
Following the completion of the acquisition, the trust directly holds 100% of the issued units in Paragon Trust and 100% of the issued share capital of Orchard 290.
Meanwhile, of the gross proceeds of SG$750 million from a private placement exercise, around SG$555 million were used to partially finance the acquisition.