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CapitaLand offers $2.22 apiece for all CapitaMalls Asia shares

Published on Apr 14, 2014 4:01 PM
 
A laborer walks in front of a Capitaland logo at a construction site in Singapore on Friday, Oct. 31, 2008. CAPITALAND has offered to buy up all shares of CapitaMalls Asia (CMA), a listed mall owner and operator, that it does not own. -- FILE PHOTO: BLOOMBERG

CAPITALAND has offered to buy up all shares of CapitaMalls Asia (CMA), a listed mall owner and operator, that it does not own.

The developer said on Monday that its offer of $2.22 per share was being made "with a view to delist CMA".

The move was also in line with its aim to strengthen its capabilities in developing integrated developments, it said in a regulatory filing with the Singapore Exchange.

"The individual components of an integrated development complement one another to increase the overall attractiveness of the project.

 
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