DBS Group Holdings D05 has upped its stake in CapitaLand Ascendas REIT (CLAR) A17U after it purchased 500,000 units in the REIT via the open market on Aug 7.
The bank paid a total consideration of $1.37 million for the units or $2.74 apiece.
The move comes just days after the bank sold 1.4 million units in CLAR via market transaction for $3.98 million or $2.84 per unit.
As at Aug 15, DBS has an interest in about 0.852% of the total units within CLAR.
Units in CLAR closed 2 cents lower or 0.74% down at $2.70 on Aug 15.
