Statement in response to reports regarding a potential acquisition of Asia Square Tower 1
Singapore, 14 October 2015 – CapitaLand Limited (CapitaLand) notes recent media reports regarding a potential acquisition of Asia Square Tower 1.
CapitaLand wishes to state that, together with other parties, it is currently in negotiations with the vendor of Asia Square Tower 1 for a potential transaction involving Asia Square Tower 1.
As negotiations with the vendor of Asia Square Tower 1 and the other parties on the terms of the potential transaction are still on-going, there is no certainty or assurance that any transaction for Asia Square Tower 1 will materialise or that any definitive or binding agreement will result from such negotiations. If the transaction proceeds, CapitaLand anticipates drawing upon internal sources of funds and available credit lines to finance it. As of 30 June 2015, CapitaLand Group has approximately S$3.5 billion in cash and cash equivalents and approximately S$3.1 billion in available undrawn facilities.
Shareholders of CapitaLand and investors are advised to exercise caution when dealing in the shares and other securities of CapitaLand. CapitaLand will release a further announcement if and when there are any material developments in accordance with the Listing Rules of SGX-ST.