104 views
Photo from Shutterstock

DBS sells 500,000 units in CLAR for $2.91 apiece

This transaction brought its stake in CLAR to 0.825%.

DBS has sold 500,000 units from CapitaLand Ascendas REIT (CLAR) via market transaction.

DBS sold the units for $1.5m or $2.91 per unit. The sale brought DBS’ stake in CLAR to 0.825%.

Prior to this transaction, DBS bought 675,000 units in CLAR on 4 September for $1.88 million or $2.79 apiece which brought DBS’ stake in CLAR to 0.849%.

As a substantial unitholder, Temasek reported that its deemed interest in units decreased from 19.00% to 18.99% due to DBS Bank's disposal of 500,000 units.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!