News

Proposed Strategic Restructuring And Demerger Of The Investment Management Business Of CapitaLand Limited

BackMar 22, 2021

Announcement Title	General Announcement
Date & Time of Broadcast	Mar 22, 2021 11:30
Status	New
Announcement Sub Title	CapitaLand Limited: Proposed Strategic Restructuring & Demerger of Investment Management Business
Announcement Reference	SG210322OTHRP9FS
Submitted By (Co./ Ind. Name)	Karen Chan
Designation	Company Secretary, Ascott Residence Trust Management Limited
Description (Please provide a detailed description of the event in the box below)	CapitaLand Limited, the holding company of Ascott Residence Trust Management Limited, the manager of Ascott Real Estate Investment Trust and Ascott Business Trust Management Pte. Ltd., the trustee-manager of Ascott Business Trust, has today issued an announcement on the above matter. Please refer to the following attachments:- (1) Joint Announcement with CLA Real Estate Holdings Pte. Ltd. - Proposed Strategic Restructuring and Demerger of the Investment Management Business of CapitaLand Limited; (2) News Release - CapitaLand proposes restructuring to sharpen business focus and unlock shareholder value; and (3) Presentation Slides - Strategic Restructuring of CapitaLand Limited and Listing of CapitaLand Investment Management.

Attachments