DBS buys 620,000 units in CICT at $2.02 apiece

Following the purchase, DBS’s stake in CICT stood at 0.3506%.

For the 9MFY2024 ended Sept 30, CICT’s net property income (NPI) rose by 5.4% y-o-y to $872.1 million.

CICT also announced, on Nov 12, that it divested 21 Collyer Quay for $688 million. The divestment was completed on Nov 11.

Units in CICT closed 1 cent lower or 0.51% down at $1.96 on Nov 12.