Economy Watch

CapitaLand restructuring unlocks value for shareholders

Long-suffering CapitaLand shareholders will each get in-specie payout of 95.1 cents for each CapitaLand share owned.ST PHOTO: LIM YAOHUI

SINGAPORE - There is nothing like a bit of restructuring to breathe life into a somewhat moribund stock.

Listed CapitaLand soared some 21 per cent in early trading yesterday, after South-east Asia's largest property group announced a restructuring that would separate its challenging property development business and its more lucrative real estate management business.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.