CCT: Merger with CMT is between two equals, not a takeover

📆 2020-09-20 10:39 PM
📰 BusinessTimes

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CAPITALAND Commercial Trust (CCT) unitholders have had gripes about the terms of its proposed merger with CapitaLand Mall Trust (CMT), but the CEO of its manager Kevin Chee says that all these factors have to be looked at from the perspective this is 'a strategic merger of equals . . . not a case of one party buying out the other party like in a takeover'. Read more at The Business Times.

In an interview at Capital Tower, where the show gallery for its upcoming development CapitaSpring is located, Mr Chee notes that as the deal involves two sets of unitholders, it has to be fair to both sides.

CAPITALAND Commercial Trust unitholders have had gripes about the terms of its proposed merger with CapitaLand Mall Trust , but the CEO of its manager Kevin Chee says that all these factors have to be looked at from the perspective this is"a strategic merger of equals . . . not a...

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