Real estate deals leading local surge in mergers and acquisitions
Growing optimism amid Covid-19's fading impact on cash flows, stabilising share prices
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The key driver was the proposed US$7.998 billion merger of CapitaLand Mall Trust and CapitaLand Commercial Trust.
ST PHOTO: KUA CHEE SIONG
Ovais Subhani Senior Correspondent, Ovais Subhani
Deal-making in Singapore is picking up pace, with the real estate sector leading the charge.
The heightened activity signals growing optimism among companies and investors that there will be a strong rebound from the depths of the coronavirus-induced recession.
