DBS Group Holdings increased its stake in CapitaLand Integrated Commercial Trust C38U (CICT) after buying 620,000 units in the REIT from the market for $1.25 million or $2.02 apiece.
The acquisition was made on Nov 5 and announced via the Singapore Exchange S68 (SGX) on Nov 12.
Following the purchase, DBS’s stake in CICT stood at 0.3506%.
For the 9MFY2024 ended Sept 30, CICT’s net property income (NPI) rose by 5.4% y-o-y to $872.1 million.
CICT also announced, on Nov 12, that it divested 21 Collyer Quay for $688 million. The divestment was completed on Nov 11.
Units in CICT closed 1 cent lower or 0.51% down at $1.96 on Nov 12.
