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CapitaLand-linked counters see active trading

Analysts optimistic about acquisition of Ascendas-Singbridge; CapitaLand counters inch up, Ascendas Reit gains almost 2%

Published Tue, Jan 15, 2019 · 09:50 PM

CapitaLand

Singapore

CAPITALAND'S proposed S$11.3 billion acquisition of Ascendas-Singbridge (ASB) set investors abuzz early this week, and as expected, trades were fast and furious on Tuesday when the counters involved in the deal returned to active trading.

About 20.4 million CapitaLand shares were traded on Tuesday, closing one Singapore cent or 0.31 per cent higher at S$3.28.

Meanwhile, Ascendas Real Estate Investment Trust (A-Reit), which ASB has interests in and manages, saw the biggest gains and heaviest trading among the securities involv…

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