CapitaLand Integrated Commercial Trust

C38U: XSES (SGP)
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CICT: Accretive Capital Recycling of Low-Yield Prime Office to Higher-Yield Prime Retail

CapitaLand Integrated Commercial Trust is acquiring Paragon for SGD 3.9 billion while divesting Asia Square Tower 2 for SGD 2.5 billion. To fund the acquisition, the trust is also launching an SGD 600 million private placement.

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