CapitaLand forges ahead as “One CapitaLand” with completion of compulsory acquisition of CapitaMalls Asia
CMA to be delisted from 22 July 2014
Singapore, 17 July 2014– CapitaLand Limited has today exercised its right of compulsory acquisition of the remaining shares of CapitaMalls Asia Limited (CMA) that it did not acquire during its takeover offer for the shares of CMA.
With effect from 21 July 2014 when the compulsory acquisition exercise will be completed, CMA will become a wholly-owned subsidiary of CapitaLand. CMA will also be delisted from the Singapore Exchange and Hong Kong Exchange with effect from 9 am on 22 July 2014.
Mr Lim Ming Yan, President & Group CEO, 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. We will work towards building CapitaLand into a leading global enterprise that enriches people and communities through high-quality real estate products and services.”