Stock Track | HongkongLand Soars 4.61% in Early Trading on Launch of S$8.2 Billion Private Fund

Stock Track

02/04

HongkongLand's stock surged 4.61% in early trading on Wednesday, significantly outperforming the broader market.

The sharp rise comes after the group announced the launch of a S$8.2 billion Singapore private fund focused on managing prime commercial property assets. HongkongLand injected its one-third interests in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall, and One Raffles Quay into the Singapore Central Private Real Estate Fund, which is now the country's largest commercial real estate private fund.

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