SINGAPORE: CapitaMall Trust, Singapore’s biggest property trust, expects “good response” to the sale of S$406mil of new shares even as its stock has risen 34% this year.
CapitaMall, the best performer among the city-state’s six property trusts, said investors may be drawn to the share sale by its plans to boost income at its shopping centres. The funds will help pay for the purchase of Parco Bugis Junction and three other Singapore malls.
