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
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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.

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