CapitaLands headquarters on Robinson Road are home to one of Asias biggest privatisation schemes
CapitaLands $15.9 billion plan to privatise its development operation and spin off its fund management business is set to go to shareholders next month after receiving approval from the board of Southeast Asias largest real estate business.
This restructuring is a logical next step to accelerate the growth of CapitaLands businesses and drive greater shareholder value, said CapitaLand group CEO Lee Chee Koon, who is also pegged to helm the restructured entity should the scheme win approval from shareholders.
The company will hold an extraordinary general meeting and a scheme meeting, both electronically, on 10 August to seek shareholder a…
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