Link: https://links.sgx.com/1.0.0/corporate-announcements/3KWHJ9FG0T378OYD/5f1dc56a9d92ed5a4bd20d05ce8874c73a1b5aa7d3f46be00b1443fc48643522

Summary:

• CapitaLand Integrated Commercial Trust (CICT) has completed the acquisition of the remaining 55% interest in Glory Office Trust, which holds the office and retail components of CapitaSpring. CICT now owns 100% of Glory Office Trust.

• Of the S$600 million gross proceeds from the recent private placement, S$462.8 million has been used to finance the acquisition (including funds initially applied to interim debt repayment and then redeployed).

• S$125.9 million went toward debt repayment, refinancing, capital expenditure, and asset enhancements; S$7.6 million was spent on transaction-related expenses.

• Only S$3.7 million of the private placement proceeds remain unutilized as of this announcement.

• Future announcements will be made for any further material use of proceeds.

• Important securities offering and jurisdictional disclaimers apply.