Against Evergrande backdrop, CapitaLand shows right boldness
CLI strike is cheered by the market for the right dose of bravery - that is, without reckless debt load
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THIS week saw the culmination of the corporate restructuring of CapitaLand Limited (CLL), with the trading debut of CapitaLand Investment (CLI) on Monday.
CLL split its business into a privately-held development arm and a new listed unit for investment management platforms and lodging under CLI, which is positioned as a real estate investment manager (REIM).
Based on pro forma net asset value (NAV) of S$14.7 billion as at December 31, 2020, excluding the effect of acquisitions and disposals, CLI's NAV per share is S$2.823.
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