CapitaLand raises offer price for CapitaMalls Asia

SINGAPORE (Reuters) - CapitaLand has raised its offer to take over the remaining shares of CapitaMalls Asia to $2.35 from $2.22, the company said on Friday.

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 per cent of CapitaMalls Asia, and had received valid acceptances to shares amounting to about 2.6 per cent of the total issued share capital of the shopping mall developer, CapitaMalls said in a statement.