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DBS sells 1 mil units in CapitaLand Ascendas REIT worth $2.66 mil to open market

Nicole Lim
Nicole Lim • 1 min read
DBS sells 1 mil units in CapitaLand Ascendas REIT worth $2.66 mil to open market
This brings DBS’s total stake in the REIT to 1.012% of the units. Photo: CLAR
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DBS Bank has disposed of 1 million units in CapitaLand Ascendas REIT (SGX:A17U) (CLAR) worth $2.66 million to the open market, according to a bourse filing on March 26. 

The sale, which was conducted on March 20, brings DBS’s total stake in the REIT to 1.012% of the units. 

DBS last bought 900,000 units in CLAR on Oct 15, for a purchase consideration of $2.5 million or $2.78 apiece, and sold 500,000 units in CLAR on Sept 9 for $1.5 million, or $2.91 per unit. 

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