Following the sale, DBS now has a 0.77% stake in the trust.
On Aug 2, DBS disposed of another 378,700 units in CLAS for $337,043 or 89 cents per unit. The sale reduced DBS’s stake in CLAS to 0.896% at the time.
CLAS reported a distribution per stapled security (DPS) of 2.55 cents for the 1HFY2024 ended June 30, 8% lower y-o-y.
Revenue for the same period rose by 11% y-o-y to $386.4 million due to sustained demand for lodging and a stronger operating performance.
See also: Ho Bee Land’s executive director and CEO Nicholas Chua ups stake in company
Scroll to continue
Revenue per available unit (RevPAU) grew by 5% y-o-y to $145 thanks to higher room rates, especially in Japan and the US.
Units in CLAS closed 0.5 cents higher or 0.55% up at 91 cents on Aug 30.
