On further possible explanations for the “unusual price movements”, the REIT manager pointed out that it is “aware” that a brokerage firm has circulated a bulletin noting that the final bids for Cyxtera, the REIT’s second largest customer, were due to be submitted by July 19.
The manager of Digital Core REIT has responded to the query by Singapore Exchange Securities Trading Limited (SGX-ST) stating that it was not aware of any information that may have caused the surge in its unit price.
The SGX-ST, on July 20, issued a query to the REIT after its unit price spiked to 57 US cents (75.5 cents), which was 14% higher than its last-closed price of 50 US cents apiece.
