CMT unitholders who wish to register for its EGM and submit questions must do so by 10.30am on Sept 26, while CCT unitholders must do so by 2pm on the same day.
The independent directors of the managers have recommended that unitholders vote in favour of the proposed merger. Said Tony Tan, chief executive officer of CMT's manager:"The overarching trend towards mixed-use precincts and integrated developments emphasised in the URA Master Plan 2019 is now expected to accelerate post-Covid-19. The rationale of the proposed merger therefore remains valid, and has been reinforced by the impact of the pandemic."
In January this year, CCT and CMT unveiled plans to merge and create a Reit juggernaut via a S$8.27 billion cash and stock deal. CMT units closed flat at S$1.96 on Thursday, while CCT units finished at S$1.68, up S$0.01 or 0.6 per cent.For daily updates on weekdays and specially selected content for the weekend. Subscribe to