CapitaLand's morphing into CLIM could provide a template for others

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.

Close to 70 per cent of the implied consideration or S$2.823 per share, which is CLIM's net asset value (NAV), is ascribed to CLIM.

Could CLIM suffer the fate of property groups in Singapo…

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