SINGAPORE – Shares of CapitaLand were traded heavily on Monday (July 19) after the company filed notices for an extraordinary general meeting and a scheme meeting on the Singapore Exchange (SGX) the day before.
CapitaLand is seeking shareholders’ approval for the privatisation of its real estate development business and listing of its fund management and property investment arm.
The shares were trading at $3.86 at noon, up five cents or 1.31 per cent from the previous close. More than 11.7 million shares had exchanged hands since the market opened.
The company first proposed the restructuring in March. Notices of the meetings, which will be held on August 10 at 2pm, were issued after Evercore Asia (Singapore), CapitaLand’s independen…
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