With effect from 21 July 2014, CMA will become a wholly-owned subsidiary of CapitaLand.
On 14 April, CapitaLand offered to buy CMA’s remaining ordinary shares that CapitaLand does not already own. Today, the company exercised its right of compulsory acquisition of the remaining shares.
CMA will also be delisted from the Singapore Exchange and Hong Kong Exchange on 22 July 2014.
Lim Ming Yan, President & Group CEO of CapitaLand Limited, said, “As One CapitaLand, our leadership position will be further strengthened. It will enable us to accelerate growth in our global portfolio to enhance returns and create sustainable value for our shareholders.”
Image (by Muneerah Bee): ION Orchard by CapitaMalls Asia
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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