Shares of CapitaLand were traded heavily yesterday 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 closed at $3.88, up seven cents, or 1.84 per cent, from the previous close. More than 18 million shares changed hands during the day.
The company first proposed the restructuring in March. Notices of the meetings, which will be held on Aug 10 at 2pm, were issued after Evercore Asia (Singapore), CapitaLand’s independent financial adviser, said last Saturday that the prop…
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