capitalands-latest-spinoff-taps-into-asias-consumer-demand

CapitaLand's latest spin-off taps into Asia's consumer demand

The Singapore property group will list its Asian shopping mall business and offer investors a direct share through an IPO.

Singapore-listed property group CapitaLand has announced that it will list its wholly owned pan-Asian shopping mall business on the Singapore Exchange and plans to sell part of the business to investors through an initial public offering, giving them a chance to buy into the Asia retail growth story.

CapitaLand's shareholders will get to vote on the plan at an extraordinary shareholders' meeting that is expected to be held in about three weeks and, if approved, the management has given itself 12 months to complete a share sale. However, depending on market conditions, it would be reasonable to expect a deal sooner rather than later. One indication that this is likely is that Capita...

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