CapitaLand shares soar 13% on corporate restructuring plans
Analysts react positively to the proposed deal; CapitaLand-linked real estate investment trusts mostly end lower
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Singapore
SHARES of CapitaLand closed Tuesday up 13.3 per cent or 44 cents, at S$3.75, as the market cheered news of the company's decision to split its asset management business from its property development business.
The counter had jumped as much as 21 per cent to S$4.01 within the first minute of trading on Tuesday.
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