CapitaLand to restructure business, new entity to be listed on SGX; shareholders to receive implied consideration of S$4.102 per share

SINGAPORE (March 22): CapitaLand, on March 22, has announced a scheme of arrangement with CLA Real Estate Holdings.

Through the arrangement, CapitaLand will effect a proposed restructuring of the group’s business to consolidate its investment management platforms, as well as its lodging business into CapitaLand Investment Management (CLIM), which will be listed on the Singapore Exchange (SGX).

The scheme will also place the real estate development business of the group under private ownership to be fully held by CLA through the proposed privatisation of CapitaLand on completion of the scheme.

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