Ascendas H-Trust DPS falls after China sale bonanza
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Singapore
ASCENDAS Hospitality Trust, which sold two Beijing hotels last year as it exited the Chinese market, will pay a lower distribution per stapled security (DPS) in the first quarter in the absence of one-off proceeds from the sale.
Investors will get a DPS of 1.28 Singapore cents for the three months to June 30, down by 5.2 per cent, the managers said on Thursday.
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