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CapitaLand
In an interview with The Edge Singapore, Gerry Chan, CEO of the manager of CapitaLand China Trust (#CLCT), shared insights on the strategic divestment of CapitaMall Yuhuating as a seed asset to CapitaLand Commercial C-REIT (#CLCR), alongside CLCT’s proposed 5% stake in CLCR, an initiative aimed at delivering long-term sustainable returns to unitholders. The move aims to unlock value from a mature retail asset and facilitate capital recycling, which may be used to reduce leverage or a combination of deleveraging and unit buy-backs, depending on market conditions and in the best interests of unitholders. CLCT’s proposed subscription to CLCR’s IPO units also offers a gateway into the rapidly growing C-REIT market, while broadening access to domestic capital pools. Gerry noted that while CLCT is currently trading at a discount, consumption-focused C-REITs are trading at a premium to net asset value. Through this transaction, he hopes CLCT’s value arbitrage can be demonstrated, potentially narrowing the discount. If the mall can be divested at a premium, it could enhance unit price and enable CLCT to gain further financial flexibility. CLCT will convene an Extraordinary General Meeting on 29 July 2025 at 3.30 pm to seek unitholders’ approval for the proposed divestment and IPO subscription. Thank you Goola Warden for the feature. Full story: https://bit.ly/CLCTTES EGM details: https://bit.ly/CLCTEGM25 #China #divestment #portfolio #IPO
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DBS Corporate and Institutional Banking
Unpredictability is the new reality. Global uncertainties and trade shifts are presenting companies with both significant challenges and new possibilities. Soon Chong Lim and Jolynn Wong recently sat down to discuss how finance leaders can unlock new possibilities. Watch their insightful discussion and access the full report here: go.dbs.com/NewRealitiesLI This video was produced in partnership with South China Morning Post SCMP #NewRealities #TreasuryManagement #AddOurStrengthToYours #TransactionBanking #FutureofFinance
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