Shareholders vote in favour of CapitaLand's acquisition of ASB

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 76 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

'With the combined entity, we will be able to attract the best people.'

CAPITALAND'S proposed deal to acquire Ascendas-Singbridge from Temasek Holdings got the green light from independent shareholders at an Extraordinary General Meeting held at The Star Vista on Friday.

The property developer is paying Temasek Holdings nearly S$6.04 billion for industrial and commercial real estate player ASB, although the deal has an enterprise value of about S$11 billion when taking into account some S$5 billion in debt owed by ASB. Half of the S$6.04 billion will be paid in cash, while the balance S$3.017 billion will be paid in new shares at S$3.50 per share.

CapitaLand's president and group chief executive officer Lee Chee Koon said:"The transaction will strengthen and position us for the future. With the combined entity, we will be able to attract the best people. We will also have a lot more access to capital partners, markets and asset classes. We will continue to grow the company, invest right and protect the wealth that shareholders have invested in us.

During Friday's EGM, independent shareholders raised concerns over the dilution to CapitaLand's net asset value as well as queried how the property giant planned to reduce gearing of the enlarged entity going forward.Post-acquisition, CapitaLand's earnings per share will edge up slightly to 43.1 Singapore cents from 42.1 cents, while return on equity will go up from 9.35 per cent to 9.78 per cent. However, NAV per share will go down 4.2 per cent from S$4.55 to S$4.36.

A whitewash resolution - which results in a waiver by shareholders to receive a mandatory general offer from Temasek for the shares it does not own in CapitaLand - received 91.54 per cent of total votes.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 15. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks to watch: CapitaLand Mall Trust, China Jinjiang, Singapore Myanmar InvestcoTHE following companies saw new developments that may affect trading of their shares on Friday: Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »

Aesthetics doctor Georgia Lee sued by minority shareholder in skincare businessSINGAPORE - Well-known aesthetics doctor Georgia Lee is being sued by a movie and TV producer who claims she had been misled into investing $2 million in Dr Lee's brand of skincare products in return for a five per cent stake.. Read more at straitstimes.com.
출처: The Straits Times - 🏆 8. / 63 더 많은 것을 읽으십시오 »