Chairman and CEO of CapitaLand Ascott Trust's Manager Raise Stakes In The Trust
Chairman and CEO of CapitaLand Ascott Trust raise their stakes in the trust
According to SGX filings, Serena Teo, CEO of CapitaLand Ascott Trust Hmn's (CLAS) trustee-manager, bought 500,000 stapled securities at $0.895. This more than triples her direct interest in CLAS from 0.005% to 0.018%.
Lui Chong Chee, chairman of CLAS’s manager, bought 1,000,000 stapled securities at $0.8925. This almost doubles his direct interest in CLAS from 0.027% to 0.053%.
In CLAS’s FY2024 results on January 27, CLAS announced its commitment to distribute stable core distributions, through enhancing core distribution income from operating performance and distributing non-periodic gains and/or divestment gains when appropriate.
CLAS’s core distribution per stapled security (DPS) for 2HFY2024 rose 3% y-o-y to 3.08 cents while DPS for the same period stood at 3.55 cents, taking total DPS for the FY2024 to 6.1 cents.
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