Friday, May 16, 2014

Breaking News - CapitaLand Rises Offer Price for CapitaMall Asia

Hot from oven!
CapitaLand (U71) has just raised its offer to take over the remaining shares of CapitaMalls Asia (JS8) to $2.35 from $2.22.
CapitaLand, Southeast Asia’s largest property developer, said it will not further revise the offer price, and has extended the closing date of the offer from May 26 to June 9. The offer has become unconditional, CapitaLand said.
CapitaLand owns 65.3% of CapitaMalls Asia, and had received valid acceptances to shares amounting to about 2.6% of the total issued share capital of the shopping mall developer, CapitaMalls.
If you are an existing CapitaMalls Asia's shareholders, I am sure this is a pleasing news to you. Coincidentally, just did a check at SGX website (2pm), the share price of CapitaMalls Asia (JS8) was last traded at $2.35.
Source : The Edge

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