CapitaLand shares to cease trading from Sept 10.

 Dear friends,

Do note the last day of trading for Capitaland is 9 Sept 2021. For details, pls refer to SGX for more details.

Src:https://www.businesstimes.com.sg/real-estate/capitaland-shares-to-cease-trading-from-sept-10

SHARES of CapitaLand CapitaLand: C31 -1.23% will change hands for the last time at the close of Sept 9, 2021 before they are suspended from 9am the following day, announced the property giant in a regulatory filing after market close on Monday.

The company's transfer books and register of members will officially close at 5pm on Sept 14, ahead of the group's expected delisting from the Singapore Exchange on Sept 21.

CapitaLand shareholders in August voted in favour of the group's restructuring plan, which was first announced by the group on March 22 this year. The move involves privatising its development arm and listing its fund-management and property-investment business, CapitaLand Investment (CLI). This will see the group operating as two distinct entities - the new, listed unit CLI, and the privatised CapitaLand Development.

The scheme of arrangement received approval from 97.6 per cent of the number of shareholders holding approximately 99.8 per cent in value of the total number of shares voted.

In its latest announcement, CapitaLand said the scheme was sanctioned by court on Monday.

Under the scheme, CapitaLand shareholders will receive one CLI share, S$0.951 in cash as well as 0.155 unit in CapitaLand Integrated Commercial Trust for every one CapitaLand share held. The implied value per share for CapitaLand shareholders is S$4.102.

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