source: https://thefinance.sg/2024/09/07/cict-buys-ion-orchard-for-1-8-billion-will-i-subscribe-for-the-preferential-offering-buy-this-reit-at-5-3-dividend-yield/
CICT buys ION Orchard for $1.8 billion – Will I subscribe for the Preferential Offering? Buy this REIT at 5.3% dividend yield?
CapitaLand Integrated Commercial Trust (CICT) announced that they would be buying 50% of ION Orchard for $1.8 billion this week. The acquisition would be funded entirely by equity fundraising – to the tune of $1.1 billion. $1.1 billion, that’s A LOT of money to be raising in this climate. Now CICT is my largest REIT […]
