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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
Published Mon, Mar 22, 2021 · 09:50 PM
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.
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