Merrill Lynch (Singapore) purchased 10,100,000 shares in NTT DC REIT (SGX:NTDU) at a price range of 0.940 to 0.970 apiece, according to a Monday filing with the Singapore Exchange.
Shares of the REIT were down nearly 1% in recent trading.
The purchase was made on July 21 as principal or through dealers on Merrill Lynch's behalf, the filing added.