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SGX:C38U

7 stories mentioning SGX:C38U

Every FINWIRES story that references SGX:C38U, newest first.

Asia

CapitaLand Integrated Commercial Trust Secures Unitholders' Approval for Paragon Mall Buy

Unitholders of CapitaLand Integrated Commercial Trust (SGX:C38U) approved the acquisition of Paragon Mall at the REIT's extraordinary general meeting on June 10, according to a same-day filing with the Singapore Exchange.About 99.96% of votes cast were in favor of the transaction, the filing showed.Ahead of the meeting, some unitholders had raised questions about the REIT's proposed SG$3.9 billion purchase of the Orchard Road mall.The REIT's former chief executive, Ng Ee Peng, questioned the property's long-term strategy, The Business Times reported.Several unitholders also questioned the timing of the deal, suggesting the acquisition could have been delayed until asset prices softened, according to the report.In addition, unitholders expressed concerns about portfolio concentration, noting that a significant portion of the REIT's assets are located in Singapore's downtown area, the report said.

SGX:C38U
Asia

CapitaLand Integrated Commercial Trust Issues 326.1 Million New Units

CapitaLand Integrated Commercial Trust (SGX:C38U) issued 326.1 million units at SG$2.30 per unit via a private placement, according to a Wednesday filing with the Singapore Exchange.Trading in the new units commenced on the same day, the filing added.

SGX:C38U
Asia

CapitaLand Integrated Commercial Trust Receives In-Approval Approval for Listing of New Units

CapitaLand Integrated Commercial Trust (SGX:C38U) was granted an in-principle approval by the Singapore Exchange Securities Trading for the listing and quotation of up to 326.1 million new units, according to a Friday filing with the Singapore Exchange.The approval is subject to compliance of the SGX rules and an undertaking by the joint bookrunners and underwriters.

SGX:C38U
Asia

CapitaLand Integrated Commercial Trust's Net Property Income Up 7.9% in Q1

CapitaLand Integrated Commercial Trust's (SGX:C38U) net property income rose by 7.9% to SG$314.4 million during the first quarter of the year, according to a Friday filing with the Singapore Exchange.Portfolio occupancy stood at 95.2%, with weighted average lease expiry remaining stable at three years.

SGX:C38U
Asia

CapitaLand Integrated Commercial Trust Raises SG$750 Million Via Private Placement

CapitaLand Integrated Commercial Trust (SGX:C38U) raised around SG$750 million through a private placement, according to a Tuesday filing with the Singapore Exchange.The placement was upsized from SG$600 million and was 4.8 times covered, while the issue price was fixed at SG$2.30 per unit.Proceeds raised from the exercise will be used to partially finance the acquisition of a property named Paragon.Meanwhile, trading of the new units is expected to commence on April 29.

SGX:C38U
Asia

Singapore Shares Close Higher as Phase 2 of US-Iran Talks Nears; H2G Green Surges 11%

Singapore shares closed higher on Monday, tracking regional gains as the US continues its push for the second phase of its peace talks with Iran in Islamabad.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,978.66 and 5,012.59 throughout the day. It ended the session at 5,004.07, up 6.14 points or 0.1% compared to Friday's close.Iranian officials are yet to commit their participation ahead of the ceasefire deadline, with mediators eyeing a memorandum of understanding between the two parties.On the corporate front, share of H2G Green (SGX:5AI) surged over 11% at the close, with the company targeting to raise over SG$3.6 million through the subscription of around 516.6 million shares at SG$0.00702 per share to several subscribers.Southern Alliance Mining (SGX:QNS) was up over 2% as it signed a non-binding agreement with Brazilian Critical Minerals (ASX:BCM) to evaluate opportunities for the development and distribution of rare earth products.Meanwhile, CapitaLand Integrated Commercial Trust (SGX:C38U) signed a put-and-call option agreement to sell Asia Square Tower 2 to IOI Marina View for SG$2.48 billion.

^STISGX:5AISGX:C38USGX:QNS
Asia

CapitaLand to Divest Asia Square Tower in SG$2.5 Billion Deal

CapitaLand Integrated Commercial Trust (SGX:C38U) signed a put-and-call option agreement to sell Asia Square Tower 2 to IOI Marina View for SG$2.48 billion, according to a Monday filing with the Singapore Exchange.The property is a 46-story integrated development in Marina Bay, Singapore, with a total net lettable area of approximately 773,000 square feet.Proceeds from the divestment will be used to finance potential acquisitions, capital requirements and asset enhancement works.Deal completion is expected to take place during the second half of the year, the filing stated.

SGX:C38U