CapitaLand's big restructuring: Is this the deal investors have been waiting for?
After years of corporate actions that did little for its stock, the group is pursuing a reorganisation that could boost its growth and market valuation
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IF I have learned anything from watching CapitaLand over the last two decades, it is that the group never admits to being at a disadvantage; and never tires of imagining what it could become in the future.
This aggressive let's-make-lemonade-with-our-lemons attitude is admirable. But, for investors, it can mean having to cope with shifting strategies, and swallowing seemingly strange justifications from the group for its corporate actions.
In February 2009, when the markets were still reeling from the Global Financial Crisis, CapitaLand announced plans to raise S$1.84 billion through a deeply discounted rights issue.
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