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CapitaLand inks US$4.4bil agreement with Temasek


CapitaLand would pay a mix of cash and new stock for Temasek units Ascendas Pte and Singbridge Pte, bolstering its assets to more than S$116bil spread across 180 cities in 32 countries, it said in a statement

CapitaLand would pay a mix of cash and new stock for Temasek units Ascendas Pte and Singbridge Pte, bolstering its assets to more than S$116bil spread across 180 cities in 32 countries, it said in a statement

SINGAPORE: CapitaLand Ltd’s new chief Lee Chee Koon has wasted no time putting his mark on the Singapore developer, striking a S$6bil (US$4.4bil) deal with Temasek Holdings Pte to create what he says will be Asia’s largest diversified real estate company.

CapitaLand would pay a mix of cash and new stock for Temasek units Ascendas Pte and Singbridge Pte, bolstering its assets to more than S$116bil spread across 180 cities in 32 countries, it said in a statement.

   

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