CapitaLand now owns more than 90% of CapitaMalls Asia
CMA shares will be suspended from trading at close of Offer
Singapore, 5 June 2014– CapitaLand Limited is pleased to announce that it now holds more than 90% of the issued shares of CapitaMalls Asia Limited (CMA). CMA shares will be suspended from trading after the close of the Offer on 9 June 2014 unless extended. This marks a key milestone for CapitaLand in its unconditional cash Offer for all the remaining CMA shares.
As at 5pm on 4 June 2014, CapitaLand and its concert parties owned, controlled or have agreed to acquire (including acceptances of the Offer) an aggregate of 3,614,324,178 CMA shares, representing approximately 92.7% of CMA’s issued share capital.
CapitaLand has submitted an application to the Singapore Exchange for the delisting of CMA.
Mr Lim Ming Yan, President & Group CEO, CapitaLand Limited, said: “We would like to thank all Shareholders who supported the Offer. It is a key milestone for CapitaLand. With the delisting of CMA, the Group’s simplified structure and ‘One CapitaLand’ strategy will provide us with a strong platform to seize opportunities in integrated developments. We will be able to better leverage resources across the Group’s businesses to maximise overall project returns.”
CMA shareholders who have not accepted the Offer but wish to do so, can still tender their acceptances by completing and returning the appropriate acceptance form enclosed with the Offer Document (despatched on 28 April 2014) for receipt by the close of Offer at 5:30pm on 9 June 2014 unless extended.
CMA shareholders whose valid acceptances are received by the closing date will be paid within 10 days from the date of receipt.