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Citadines Michel Hamburg

Broker's Calls

Stand down on Ascott REIT in wake of rights issue and acquisitions

SINGAPORE (March 8): UOB Kay Hian has downgraded its call on Ascott Residence Trust (Ascott REIT) to “hold” from “buy” previously, following Tuesday’s announcement of its $442.7 million rights issue to acquire Ascott Orchard Singapore, Citadines

March 08, 2017

Ascott REIT launches 91.9 cents/share rights to fund Singapore and Germany acquisitions

SINGAPORE (March 7): Ascott Residence Trust has launched a fully underwritten renounceable rights issue to raise $442.7 million.

March 07, 2017

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