Temasek-backed CapitaLand to split into two as it seeks asset-light growth

reuters2021-03-22

SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.

It is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.

The restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.

CapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).

The company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.

“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.

CLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.

CapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.

CapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.

Trading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.

CapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.

($1 = 1.3432 Singapore dollars)

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精彩评论

jhhh
2021-03-23
jhhh
Hard to judget
Yuhsheng
2021-03-22
Yuhsheng
Split again?!
- mQ:
  SPlit before?
ENAHSHANE
2021-03-22
ENAHSHANE
Ok
壬庚
2021-03-22
壬庚
Overall strategy make sense to the company growth
- ENAHSHANE:
  Nice
- Big__Boss:
  response my comment please ! anyone
同是天涯沦落人
2021-03-22
同是天涯沦落人
I like this move
Chinleong
2021-03-22
Chinleong
It is more wise to diversify investment

发表看法

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It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.\nCapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).\nThe company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.\n“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.\nCLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). 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The halted CapitaLand REITs have a total market value of S$33.6 billion.\n($1 = 1.3432 Singapore dollars)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":359563838,"gmtCreate":1616413839324,"gmtModify":1634525983699,"author":{"id":"3577652371131486","authorId":"3577652371131486","name":"Yuhsheng","avatar":"https://static.tigerbbs.com/4e1f86fdcf70c14426241248268a94ee","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577652371131486","authorIdStr":"3577652371131486"},"htmlText":"Split again?!","listText":"Split again?!","text":"Split again?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359563838","repostId":1155967849,"repostType":4,"repost":{"id":"1155967849","kind":"news","pubTimestamp":1616400725,"share":"https://www.laohu8.com/m/news/1155967849?lang=&edition=full","pubTime":"2021-03-22 16:12","market":"sg","language":"en","title":"Temasek-backed CapitaLand to split into two as it seeks asset-light growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1155967849","media":"reuters","summary":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced ","content":"<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.</p>\n<p>It is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.</p>\n<p>The restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.</p>\n<p>CapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).</p>\n<p>The company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.</p>\n<p>“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.</p>\n<p>CLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.</p>\n<p>CapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.</p>\n<p>CapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.</p>\n<p>Trading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.</p>\n<p>CapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.</p>\n<p>($1 = 1.3432 Singapore dollars)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed CapitaLand to split into two as it seeks asset-light growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed CapitaLand to split into two as it seeks asset-light growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light ...</p>\n\n<a href=\"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155967849","content_text":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.\nIt is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.\nThe restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.\nCapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).\nThe company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.\n“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.\nCLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.\nCapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.\nCapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.\nTrading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.\nCapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.\n($1 = 1.3432 Singapore dollars)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3857511,"gmtCreate":1616454857173,"gmtModify":1635750736909,"authorId":3575883708634905,"author":{"id":3575883708634905,"idStr":"3575883708634905","authorId":3575883708634905,"name":"mQ","avatar":"https://static.tigerbbs.com/f15c6544cce801bf2702a439bc97d760","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":359563838,"type":1,"supId":0,"prevId":0,"content":"SPlit before?","text":"SPlit before?","html":"SPlit before?"}],"langContent":"EN"},{"id":359278584,"gmtCreate":1616407904948,"gmtModify":1634526009653,"author":{"id":"3570938778601887","authorId":"3570938778601887","name":"ENAHSHANE","avatar":"https://static.tigerbbs.com/4826b7f9114514b02002820348f8e822","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570938778601887","authorIdStr":"3570938778601887"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359278584","repostId":1155967849,"repostType":4,"repost":{"id":"1155967849","kind":"news","pubTimestamp":1616400725,"share":"https://www.laohu8.com/m/news/1155967849?lang=&edition=full","pubTime":"2021-03-22 16:12","market":"sg","language":"en","title":"Temasek-backed CapitaLand to split into two as it seeks asset-light growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1155967849","media":"reuters","summary":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced ","content":"<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.</p>\n<p>It is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.</p>\n<p>The restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.</p>\n<p>CapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).</p>\n<p>The company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.</p>\n<p>“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.</p>\n<p>CLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.</p>\n<p>CapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.</p>\n<p>CapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.</p>\n<p>Trading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.</p>\n<p>CapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.</p>\n<p>($1 = 1.3432 Singapore dollars)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed CapitaLand to split into two as it seeks asset-light growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed CapitaLand to split into two as it seeks asset-light growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light ...</p>\n\n<a href=\"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155967849","content_text":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.\nIt is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.\nThe restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.\nCapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).\nThe company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.\n“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.\nCLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.\nCapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.\nCapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.\nTrading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.\nCapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.\n($1 = 1.3432 Singapore dollars)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":359257789,"gmtCreate":1616406419241,"gmtModify":1634526016730,"author":{"id":"3576878269021709","authorId":"3576878269021709","name":"壬庚","avatar":"https://static.tigerbbs.com/e78262701d4c51bf92b3ca801a6e8b38","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576878269021709","authorIdStr":"3576878269021709"},"htmlText":"Overall strategy make sense to the company growth","listText":"Overall strategy make sense to the company growth","text":"Overall strategy make sense to the company growth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/359257789","repostId":1155967849,"repostType":4,"repost":{"id":"1155967849","kind":"news","pubTimestamp":1616400725,"share":"https://www.laohu8.com/m/news/1155967849?lang=&edition=full","pubTime":"2021-03-22 16:12","market":"sg","language":"en","title":"Temasek-backed CapitaLand to split into two as it seeks asset-light growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1155967849","media":"reuters","summary":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced ","content":"<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.</p>\n<p>It is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.</p>\n<p>The restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.</p>\n<p>CapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).</p>\n<p>The company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.</p>\n<p>“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.</p>\n<p>CLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.</p>\n<p>CapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.</p>\n<p>CapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.</p>\n<p>Trading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.</p>\n<p>CapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.</p>\n<p>($1 = 1.3432 Singapore dollars)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed CapitaLand to split into two as it seeks asset-light growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed CapitaLand to split into two as it seeks asset-light growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light ...</p>\n\n<a href=\"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155967849","content_text":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.\nIt is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.\nThe restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.\nCapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).\nThe company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.\n“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.\nCLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.\nCapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.\nCapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.\nTrading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.\nCapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.\n($1 = 1.3432 Singapore dollars)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3852682,"gmtCreate":1616407914684,"gmtModify":1635750969054,"authorId":3570938778601887,"author":{"id":3570938778601887,"idStr":"3570938778601887","authorId":3570938778601887,"name":"ENAHSHANE","avatar":"https://static.tigerbbs.com/4826b7f9114514b02002820348f8e822","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":359257789,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":3853085,"gmtCreate":1616411227236,"gmtModify":1635750949551,"authorId":3570517865216539,"author":{"id":3570517865216539,"idStr":"3570517865216539","authorId":3570517865216539,"name":"Big__Boss","avatar":"https://static.tigerbbs.com/2c36c2fe68f671064d7d1fd9b7268165","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":359257789,"type":1,"supId":0,"prevId":0,"content":"response my comment please ! anyone","text":"response my comment please ! anyone","html":"response my comment please ! anyone"}],"langContent":"EN"},{"id":359220853,"gmtCreate":1616404845672,"gmtModify":1634526024945,"author":{"id":"3554323022733956","authorId":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3554323022733956","authorIdStr":"3554323022733956"},"htmlText":"I like this move","listText":"I like this move","text":"I like this move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359220853","repostId":1155967849,"repostType":4,"repost":{"id":"1155967849","kind":"news","pubTimestamp":1616400725,"share":"https://www.laohu8.com/m/news/1155967849?lang=&edition=full","pubTime":"2021-03-22 16:12","market":"sg","language":"en","title":"Temasek-backed CapitaLand to split into two as it seeks asset-light growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1155967849","media":"reuters","summary":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced ","content":"<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.</p>\n<p>It is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.</p>\n<p>The restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.</p>\n<p>CapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).</p>\n<p>The company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.</p>\n<p>“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.</p>\n<p>CLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.</p>\n<p>CapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.</p>\n<p>CapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.</p>\n<p>Trading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.</p>\n<p>CapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.</p>\n<p>($1 = 1.3432 Singapore dollars)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed CapitaLand to split into two as it seeks asset-light growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed CapitaLand to split into two as it seeks asset-light growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light ...</p>\n\n<a href=\"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155967849","content_text":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.\nIt is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.\nThe restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.\nCapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).\nThe company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.\n“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.\nCLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.\nCapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.\nCapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.\nTrading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.\nCapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.\n($1 = 1.3432 Singapore dollars)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":359269677,"gmtCreate":1616404256199,"gmtModify":1634526028841,"author":{"id":"3559098973692807","authorId":"3559098973692807","name":"Chinleong","avatar":"https://static.tigerbbs.com/6dbcd389c42e41aa06c692b423858c4c","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3559098973692807","authorIdStr":"3559098973692807"},"htmlText":"It is more wise to diversify investment","listText":"It is more wise to diversify investment","text":"It is more wise to diversify investment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359269677","repostId":1155967849,"repostType":4,"repost":{"id":"1155967849","kind":"news","pubTimestamp":1616400725,"share":"https://www.laohu8.com/m/news/1155967849?lang=&edition=full","pubTime":"2021-03-22 16:12","market":"sg","language":"en","title":"Temasek-backed CapitaLand to split into two as it seeks asset-light growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1155967849","media":"reuters","summary":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced ","content":"<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.</p>\n<p>It is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.</p>\n<p>The restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.</p>\n<p>CapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).</p>\n<p>The company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.</p>\n<p>“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.</p>\n<p>CLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.</p>\n<p>CapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.</p>\n<p>CapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.</p>\n<p>Trading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.</p>\n<p>CapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.</p>\n<p>($1 = 1.3432 Singapore dollars)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed CapitaLand to split into two as it seeks asset-light growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed CapitaLand to split into two as it seeks asset-light growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light ...</p>\n\n<a href=\"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-capitaland-reits/temasek-backed-capitaland-to-split-into-two-as-it-seeks-asset-light-growth-idUSKBN2BE0GI","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155967849","content_text":"SINGAPORE (Reuters) - CapitaLand Ltd, majority-owned by Singapore state investor Temasek, announced on Monday plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company.\nIt is proposing to inject its real estate investment trusts and investment management unit into a separate listed Singapore entity and place its real estate development business under a Temasek unit.\nThe restructuring move by CapitaLand comes after it posted its first annual loss in nearly two decades in 2020, and like rival property developers, faces a tough outlook due to the coronavirus pandemic. It is one of Asia’s largest real estate firms by assets with operations in Singapore, China, India and other markets.\nCapitaLand plans to merge its investment management platform and lodging business into a separate listed entity called CapitaLand Investment Management (CLIM).\nThe company will also place its real estate development business under private ownership of CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, which owns 52% of CapitaLand.\n“The overarching objective of the scheme is to sharpen the group’s focus and position it to be an asset-light and capital-efficient business through CLIM,” CapitaLand said in a statement.\nCLIM, which will be listed on the Singapore Exchange, is expected to become Asia’s largest real estate investment manager with assets under management of about S$115 billion ($85.7 billion). It will also hold stakes in CapitaLand’s listed real estate investment trusts and business trusts.\nCapitaLand will become the privatised development arm and hold a 51.8% stake in CLIM.\nCapitaLand shareholders will receive an implied consideration of S$4.102 per share in cash and scrip, including a one-for-one equivalent stake in CLIM.\nTrading in CapitaLand’s shares was halted on Monday ahead of the announcement. Trading in units of its real estate investment trusts - Ascott Residence Trust, CapitaLand Integrated Commercial Trust, Ascendas, CapitaLand China Trust and Ascendas India Trust - was also halted.\nCapitaLand has a market value of S$17.4 billion ($13 billion). The halted CapitaLand REITs have a total market value of S$33.6 billion.\n($1 = 1.3432 Singapore dollars)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.33.5","shortVersion":"4.33.5","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1155967849"}