SINGAPORE (Sept 6): CIMB is surprised at the $102.7 million rights issue planned by Cache Logistics Trust to cut its debt.
But the research house won’t be taken aback if the REIT acquires more Australian assets over the next few months to make up for the DPU-dilution.
“We previously thought the manager could divest its non-core Singapore assets to bring down gearing,” analyst Yeo Zhi Bin says in a Tuesday report.
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