On Feb 20, the bank sold 5.83 million units in KORE for US$749,491.94 ($1.01 million) or 12.86 US cents apiece on Feb 20.
On Feb 21, the bank sold another 8.35 million units for US$1.05 million or 12.53 US cents apiece.
Following the disposals, DBS now holds 0.592% of all the units in KORE.
On Feb 15, KORE’s manager announced that it plans to suspend its distributions along with a plan to recapitalise the REIT. The suspension of distributions began for the 2HFY2023 and will last till the 2HFY2025.
Units in KORE closed 0.3 cents higher or 2.34% up at 13.1 US cents on Feb 26.
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