capitaland commercial trust merger

CapitaLand Limited is a Singaporean multinational alternative asset management company focusing on real estate, infrastructure and private equity. The Merger is to be effected through the acquisition by CMT of all the issued and paid-up units in CCT (âCCT Unitsâ) by way of a trust scheme of arrangement (the âTrust Schemeâ). Net property income (NPI) for the quarter rose 66 per cent to S$247.1 million. Two of the oldest REITs listed on SGX have announced a merger on 22 January 2020. CapitaLand Mall Trust (âCMTâ and the manager of CMT, the âCMT Managerâ), is pleased to announce the proposed merger of CMT and CapitaLand Commercial Trust (âCCTâ and such merger, the âMergerâ). proposed merger of capitaland mall trust and capitaland commercial trust (dealings disclosure) 2020-03-11 11:10:36 General Announcement Trust Scheme of Arrangement - â¦ A higher DPU accretion for both unitholders, due to waiver of CapitaLand Mall Trustâs acquisition fee, has sweetened the deal. 2020 (the "Joint Announcement") issued by the Company and CapitaLand Commercial Trust Management Limited, as manager of CapitaLand Commercial Trust ("CCT "), in relation to the proposed merger (the "Merger") of CMT and CCT by way of a trust scheme of arrangement, to be effected in accordance with the Singapore Code on Take-overs and PROPOSED MERGER OF CapitaLand Mall Trust AND CapitaLand Commercial Trust DEALINGS DISCLOSURE INTRODUCTION J.P. Morgan (S.E.A.) CapitaLand Commercial Trust - Proposed Merger Of CapitaLand Commercial Trust and CapitaLand Mall Trust By Way Of A Trust Scheme Of Arrangement - Court Sanction Of The Trust Scheme, Last Trading Date And Indicative Timetable . On 22nd January 2020, CapitaLand Mall Trust and CapitaLand Commercial Trust announced their proposed merger. Merger Of CapitaLand Commercial Trust And CapitaLand Mall Trust By Way Of A Trust Scheme Of Arrangement - Payment Of Scheme Consideration Oct 27, 2020 Key Management Of CapitaLand Mall Trust Management Limited (To Be Renamed CapitaLand Integrated Commercial Trust Management Limited As Manager Of CapitaLand Integrated Commercial Trust) Oct 23, 2020 Back 21 Oct 2020. Singapore continues to attract companies into setting up their regional offices here with its pro-business environment, accentuated by its effective handling of the pandemic. CAPITALAND COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) ANNOUNCEMENT PROPOSED MERGER OF CAPITALAND COMMERCIAL TRUST AND CAPITALAND MALL TRUST BY WAY OF A TRUST SCHEME OF ARRANGEMENT - EFFECTIVE DATE OF THE TRUST SCHEME AND FULFILMENT OF RULE 1309(1)(B) WAIVER CONDITIONS 1. CapitaLand Integrated Commercial Trustâs Singapore office presences comes in the form of six office assets and four integrated developments with office components.Its Grade-A assets are well located in the central area. Important notice. 2 Important notice NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. The proposed merger will involve CapitaLand Mall Trust acquiring all of CapitaLand Commercial Trust's units at an acquisition consideration of â¦ Upgrade CapitaLand Commercial Trust to BUY; Target Price of S$1.95 on the back of the upgrade and repricing of CapitaLand Mall Trustâs target price. INTRODUCTION J.P. Morgan (S.E.A.) CapitaLand Mall Trust (SGX:C38U) is proceeding with its planned merger with CapitaLand Commercial Trust (SGX:C61U) and its EGM is now fixed for 29 Sep 2020. CAPITALAND Integrated Commercial Trust (CICT) posted gross revenue of S$334.8 million for the first quarter ended March 31, 2021. Asiaâs third-largest real estate investment trust (REIT) The merger will propel the combined entity â¦ Tony Tan, CEO of CapitaLand Mall Trust explains how its merger with CapitalLand Commercial Trust â¦ CapitaLand Integrated Commercial Trust will have a market capitalisation of SGD16.8 billion (USD12.5 billion). . CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$11.8 billion as at 28 October 2020. Michelle Zhu. Its portfolio comprises 11 retail malls, eight offices and five integrated developments. Merger Of CapitaLand Commercial Trust And CapitaLand Mall Trust By Way Of A Trust Scheme Of Arrangement - Clean-Up Distribution. CapitaLand Commercial Trust (SGX:C61U) unitholders will be voting on the proposed merger with CapitaLand Mall Trust (SGX:C38U) next week. The November 2020 merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT SP, delisted) has given birth to Singaporeâs largest commercial SREIT with a S$22.3bn portfolio. CAPITALAND COMMERCIAL TRUST Proposed merger with CapitaLand Mall Trust 22 January 2020. DETAILS OF THE MERGER. UOB Kay Hian Research (UOB KH) analyst Jonathan Koh has upgraded CapitaLand Integrated Commercial Trust (CICT) to âbuyâ with a higher target price of $2.42 from $2.32 previously. The upgrade is underpinned by Kohâs view that CICT provides diversified exposure to the retail and office sectors, ... 4 September 2020. Once merged, it would â¦ Singapore, 22 January 2020 â CapitaLand has announced the proposed merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) to create CapitaLand Integrated Commercial Trust (CICT) 1 . 2020-09-16 11:03:00 General Announcement. CMT is offering to buy each CCT unit for 0.72 new units of itself and $0.259 in cash. The consideration for each CapitaLand Commercial Trust unit comprises 0.72 new CapitaLand Mall Trust units plus S$0.259 in cash. Oct 28, 2020 Limited ("JPMSEAL") refers to: the joint announcement released on 22 January 2020, (the "Joint Announcement") in connection with the acquisition by CapitaLand Mall Trust (the "Offeror") of all the issued and paid-up units of CapitaLand Commercial Trust â¦ Oct 29, 2020. The The enlarged REIT will be renamed Capitaland Integrated Commercial Trust â¦ Just one year after CapitaLand began its S$11 billion acquisition of Ascendas-Singbridge, Southeast Asiaâs largest real estate group has proposed to merge a pair of commercial real estate investment trusts in a S$8.27 billion ($6.13 billion) cash-and-stock deal.. In a conference with analysts and the media this morning the managers of CapitaLand Commercial Trust (CCT) and CapitaLand â¦ Reminder Letters to Unitholders in relation to the Proposed Merger of CCT and CMT. This presentation should be read in conjunction with the joint announcement released by CapitaLand Commercial Trust (âCCTâ) and CapitaLand Mall Trust (âCMTâ) on 22 January 2020 (in relation to the proposed merger of Proposed Merger of CapitaLand Mall Trust and CapitaLand Commercial Trust (Dealings Disclosure) 2020-09-16 10:55:00 General Announcement. The underlying benefits are better diversified portfolio with potential cheaper cost of capital, greater redevelopment and rejuvenation potential of combined entity outweighing negative â¦ Please refer to the attached for details on the dealings in relevant securities by BlackRock, Inc., an associate (as defined under the Singapore Code on Takeovers and Mergers) of CapitaLand Commercial Trust Management Limited, in relation to the proposed merger of CapitaLand Commercial Trust and CapitaLand Mall Trust. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT â¦ The new entity has been renamed CICT, from CMT. 2. CapitaLand Mall Trust, CapitalLand Commercial Trust merger is âtransformationalâ. PROPOSED MERGER OF CAPITALAND MALL TRUST AND CAPITALAND COMMERCIAL TRUST (Dealings Disclosure) Announcement Reference SG201022OTHRLWJM Submitted By (Co./ Ind. The Merger of CapitaLand Commercial Trust and CapitaLand Mall Trust by way of a trust scheme of arrangement. For CapitaLand Commercial Trust, two consecutive meetings will be held on the same day. The first is the EGM to be held on September 27, 2020, at 2 p.m., and the second is the trust scheme meeting to be held immediately afterwards, or at 2:30 p.m, whichever is earlier. Both REITs are managed by real estate giant CapitaLand Limited (SGX: C31). February 19, 2020. THIS PRESENTATION SHALL NOT â¦ CapitaLand Integrated Commercial Trust will still focus on Singapore. However, it can also undertake overseas acquisitions in developed countries of up to 20% of property value or SGD4.6 billion. On a pro forma basis, the merger will be distribution per unit (DPU) accretive for both CMT and CCT unitholders. Credit Suisse (Singapore) Limited is assisting to upload the â¦ CapitaLand Commercial Trust (SGX: C61U), or CCT, and CapitaLand Mall Trust (SGX: C38U), or CMT, announced that they would merge by way of a trust scheme arrangement. However, due to COVID, this has been delayed and management announced in May that the Long-Stop Date under the Implementation Agreement remains on 30 September 2020. We recommend unitholders to vote in favour of merger. 2021-04-27 05:50:00. Notices of EGM & Trust Scheme Meeting: Proposed merger of CapitaLand Mall Trust and CapitaLand Commercial Trust 29 Sep 2020: CMT and CCT unitholders voted resoundingly in favour of proposed merger CMT and CCT engage retail investors at SIAS dialogue sessions PROPOSED MERGER OF CapitaLand Mall Trust AND CapitaLand Commercial Trust CLARIFICATION ANNOUNCEMENT 1. Key highlight for the financial year 2020 was the merger with CapitaLand Commercial Trust to become Singaporeâs largest REIT, as well as one of the largest REIT in Asia-Pacific based on their market capitalisation of S$14.0b as at 31 December 2020. Under this, CMT will be acquiring all units of CCT for a total consideration comprising approximately 88% in new units in CMT and 12% in cash. The proposed merger of CapitaLand Mall Trust and CapitaLand Commercial Trust will create a diversified commercial REIT named CapitaLand Integrated Commercial Trust (CICT) through a trust scheme of arrangement. The proposed merger will be effected by way of a trust scheme of arrangement. The merger will propel the combined entity to become Asiaâs third-largest REIT, behind Hong Kongâs Link REIT (SEHK: 0823) and Australiaâs Scentre Group(ASE: SGC). In January 2020, both Capitaland Mall Trust and Capitaland Commercial Trust (CCT) announced for merger through the acquisition by CMT, initially expected to be completed in June 2020. ; Scale benefits from the merger are unchanged, while a more diversified AUM and higher â¦ Bigger is better in the local property trust sector, going by the latest proposed mega merger - this time a multi-billion-dollar tie-up between two firms linked to developer CapitaLandâ¦ It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand â¦ CapitaLand Commercial Trust - Proposed Merger Of CapitaLand Commercial Trust And CapitaLand Mall Trust By Way Of A Trust Scheme Of Arrangement - Effective Date Of The Trust Scheme And Fulfilment Of Rule 1309(1)(b) Waiver Conditions . Name) Lee Ju Lin, Audrey Designation Company Secretary, CapitaLand Mall Trust Management Limited Description (Please provide a detailed description of the event in the box â¦ CapitaLand will retain its â¦ Source: CapitaLand Mall Trustâs announcement The merged entity will also be, by far, the largest Merger allows CapitaLand Commercial Trust to ride on the phased reopening of retail malls via CapitaLand Mall Trust while positioned for recovery in the â¦ With 96% of its assets located in Singapore, â¦ CICT's Q1 net property income surges 66% post merger. Disclosure Of Interest/ Changes In Interest Of Substantial Shareholder(s)/ Unitholder(s) - Becoming A Substantial Unitholder - Trustee Of CapitaLand Mall Trust. Trust And CapitaLand Commercial Trust By Way Of A Trust Scheme Of Arrangement", concerning the proposed merger of CMT and CCT (the "Merger "); the circular dated 4 September 2020 issued by the CMT Manager to the unitholders of CMT (" CMT Unitholders ") in relation to the Merger (the " Circular "); CAPITALAND COMMERCIAL TRUST. CapitaLand Commercial Trust - DBS Research 2020-06-08: Potential Merger Boost. CapitaMall Trust currently has 15 properties in its portfolio while Capita Commercial Trust has 10 properties. Back 12 Oct 2020. With the proposed merger, â¦ 2020-09-16 06:33:00 General Announcement. The merger will be carried out by CapitaLand Mall Trust acquiring all CapitaLand Commercial Trust units by way of a trust scheme of arrangement. For every 1 CapitaLand Commercial Trust unit held, the unitholder will receive 0.72 unit in CapitaLand Mall Trust and S$0.259 in cash.