Any thoughts on the restructuring of CapitaLand: C31?

Any thoughts on the restructuring of CapitaLand: C31?
In their proposal, the shareholders will be compensated with CapitaLand Integrated Commercial Trust (SGX: C38U), how will it affect the value of C38U?

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Kasper Toh

Edited 16 Jan 2025

Marketing Manager at ERA Realty

Capitaland is morphing into CLIM.

The deal includes :

1) 1x CLIM shares

2) $0.951 cash

3) CICT units of 0.328

They are privatising the development in exchange. This offer will have to be voted in 3Q2021 (projected).

After which Capitaland C31 will be delisted and replaced by "CLIM". Capitaland is the sponsor of some of the biggest reits in Singapore like CICT and Ascendas REIT.

With this restructuring, Capitaland will be a
Real Estate Investment Manager (REIM) . It should expect better valuation. I believe markets reward growth and this will be exemplified with increasing income. Hence, it is likely that this offer is accepted.

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