CapitaLand's morphing into CLIM could provide a template for others
They may also privatise their development businesses while keeping their investment, lodging segments listed
MINORITY shareholders appear to be the immediate winners from CapitaLand's restructuring exercise as the implied consideration for each share based on current share capital is S$4.102.
This represents a 24 per cent premium to the property group's last closing price of S$3.31 on Friday.
Looking ahead, how much of a winner the deal is for CapitaLand's shareholders, who will become shareholders of CapitaLand Investment Management (CLIM), hinges on the financial and share price performance of CLIM.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
