Monday, 22 Mar 2021 02:59 PM MYT
It is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit. CapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management .
“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.
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