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CMT gets new name on Nov 3 after merger; CCT Q3 DPU falls 9% to 2 cents

  • 📰 The Straits Times
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SINGAPORE (THE BUSINESS TIMES) - The trust scheme for the merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT, along with an expanded investment mandate, became effective and binding on Wednesday (Oct 21).. Read more at straitstimes.com.

SINGAPORE - The trust scheme for the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust .

CCT is then expected to delist at 9am on Nov 3, while CMT is renamed CapitaLand Integrated Commercial Trust on the same day. A novation agreement will thus also be inked on Wednesday for the existing right of first refusal that CapitaLand Singapore had granted CCT's trustee, to be novated to CMT. The scope of properties under this right of first refusal will be expanded to cover income-producing commercial real estate in Singapore, to be consistent with CMT's expanded investment mandate.

 

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