CapitaLand Integrated Commercial Trust (SGX:C38U) completed the acquisition of a remaining 55% stake in Glory Office Trust, according to a Tuesday filing with the Singapore Exchange.
Meanwhile, SG$358.3 million from gross proceeds of around SG$600 million from a private placement have been utilized to finance the acquisition.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.