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CapitaLand, CMA soar on delisting offer for latter

CapitaLand shares surge 6.5%; CMA leaps 21% to hit 52-week high
Wednesday, April 16, 2014 - 06:00

SHARES of CapitaLand and its 65.3-per cent subsidiary CapitaMalls Asia (CMA) surged yesterday on news of the parent's $3.06-billion delisting offer for CMA. While the move is good news for CapitaLand's shareholders since it is earnings-accretive and increases the return on equity, it is unclear

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