Shares of Centurion Corp. are trading at over one-month highs on news that the company will acquire four UK student dorms for $38.9 million.
As at 10.56am, the stock is up 4% at 39 cents.
The latest acquisition will raise the company's portfolio and bring its total number of student beds to 3,208 across the UK, Australia and Singapore.
The company says that it plans to further grow its student accommodation business in key educational hubs globally, indicating that the company may be looking for more such assets.
“This accommodation segment has proven to be resilient bolstered by growing student enrolments and undersupply of purpose-built student accommodation,” it says in a statement.
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As at 10.56am, the stock is up 4% at 39 cents.
The latest acquisition will raise the company's portfolio and bring its total number of student beds to 3,208 across the UK, Australia and Singapore.
The company says that it plans to further grow its student accommodation business in key educational hubs globally, indicating that the company may be looking for more such assets.
“This accommodation segment has proven to be resilient bolstered by growing student enrolments and undersupply of purpose-built student accommodation,” it says in a statement.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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