CapitaLand offers $2.22 apiece for all CapitaMalls Asia shares
Published on Apr 14, 2014 4:01 PM
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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