CMT and CCT unitholders vote in favour of proposed merger

Singapore

UNITHOLDERS of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) on Tuesday voted in favour of the proposed merger of CMT and CCT to form a new real estate investment trust (Reit), though CCT unitholders had lower percentage approvals than CMT unitholders.

In a joint statement, the managers said more than 3,000 unitholders voted by proxy at CMT's extraordinary general meeting (EGM) and CCT's EGM and trust scheme meeting held via electronic means. All five resolutions at the three meetings were duly passed and well supported.