Staff Reporter
,
Singapore
Trading is officially suspended.
CapitaLand announced yesterday that it had acquired a 97.1% stake in CapitaMalls Asia, and is now past the threshold required for it to compulsorily acquire all remaining shares in CMA.
On Thursday, CapitaLand’s stake crossed the 90% threshold for it to delist CMA from the Singapore Exchange.
CapitaLand released a statement on a voluntary unconditional cash offer ending 5:30PM today, citing that after the offer, all CMA shareholders whose valid acceptances are received will be paid within 10 days of the receipt.
Read more of the offer here.
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