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EGM WATCH

CapitaLand's acquisition of Ascendas-Singbridge gets overwhelming nod from shareholders

The deal will vault CapitaLand to be among the top 10 real estate investment managers globally

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Over 2,000 shareholders and proxies attended the EGM, where CapitaLand president & CEO Lee Chee Koon shared the strategic benefits of the transaction and addressed their concerns.

Singapore

SHAREHOLDERS raised some concerns over CapitaLand's proposed acquisition of Ascendas-Singbridge (ASB) at an extraordinary generating meeting (EGM) on Friday before overwhelmingly giving their blessing for the deal.

The property developer is

sentifi.com

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