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DBS sells 1 mil units in CLAR for $2.9 mil

Ashley Lo
Ashley Lo • 1 min read
DBS sells 1 mil units in CLAR for $2.9 mil
CLAR's The Shugart. Photo: CLAR
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DBS Bank has sold one million units in CapitaLand Ascendas REIT A17U

(CLAR) to the open market. 

The sale, which was conducted on Aug 26, netted the bank $2.87 million or $2.87 per unit. 

Following the sale, DBS’s stake in CLAR came up to 0.835%. 

On Aug 27, however, DBS acquired 100,000 units in CLAR at $286,000 or $2.86 per unit. This increased the bank’s stake in CLAR slightly to 0.8369%. 

CLAR reported a distribution per unit (DPU) of 7.524 cents for the 1HFY2024 ended June 30, 2.5% lower y-o-y. 

Revenue for the same period rose 7.2% y-o-y to $770.1 million due to full contributions from the REIT’s acquisitions in Singapore that were completed in 1HFY2023.

See also: Noel Gifts International’s CEO ups direct stake to 29.58%

Units in CLAR closed flat at $2.88 on Sept 2. 

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