Sending off C31: A timeline of CapitaLand

Michelle Zhu
Published Thu, Sep 9, 2021 · 11:40 AM

CAPITALAND C31 : C31 0%was formed in 2000 from the merger of Pidemco Land and DBS Land. Since then, the company has reinvented itself consistently over the past two decades.

Ahead of the index stock's Sept 10 suspension from trading, we recap some of the group's most iconic moves on the Singapore Exchange (SGX) in recent years.

April 2008: The Ascott Group

Ascott became CapitaLand's wholly-owned subsidiary upon its privatisation and delisting. CapitaLand's Somerset Capital launched the offer at S$1.73 a share, valuing the serviced-residence operator at S$2.8 billion.

July 2014: CapitaMalls Asia (CMA)

CapitaLand gained full control of its mall unit CMA and privatised it, five years after CMA's Singapore listing in November 2009. At the time of delisting, CMA managed 105 shopping centres.

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June 2019: Ascendas-Singbridge

The group completed its S$11 billion acquisition of Ascendas-Singbridge, a subsidiary of Temasek which managed three Singapore-listed real estate investment trusts (Reits): Ascendas Reit, Ascendas India Trust and Ascendas Hospitality Trust.

Jan 2020: Ascott Residence Trust

The wholly-owned subsidiary of CapitaLand began trading as a combined entity on the SGX after its merger with Ascendas Hospitality Trust to form a hospitality stapled group.

November 2020: CapitaLand Integrated Commercial Trust (CICT)

CapitaLand completed the merger between CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT), with CCT delisted and CMT renamed to CICT.

September 2021: CapitaLand Investment (CLI)

CLI, CapitaLand's fund-management and property-investment business, is expected to list and commence trading on Sept 20 following the group's delisting from the SGX. This comes as part of CapitaLand's latest restructuring move, which will see CapitaLand Development operate as a separate entity from CLI as the privately held development arm of the group.

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