SINGAPORE: Shares of CapitaLand jumped as much as 20 per cent on Tuesday (Mar 23), a day after the real estate behemoth announced a major restructuring plan to consolidate its fund management and lodging business into a new entity, and take its property development business private.
Market analysts were generally positive on the company’s proposed restructuring, with one describing it as highly value-unlocking.
READ:CapitaLand to separate real estate development and fund management units
The counter, which resumed trading on Tuesday after a one-day trading halt pending its announcement, surged more than 20 per cent, or S$0.68, to S$3.99 per cent at the open.
It has since trimmed gains and was last about …
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