CapitaLand generated S$17b in total shareholder returns over last decade

Property developer CapitaLand said it has generated S$17 billion in total shareholder returns over the last decade.

The company disclosed this at its 10th anniversary celebrations on Friday evening.

The firm celebrated its success in transforming itself from a S$9 million company to a group that now commands a market capitalisation of S$40.3 billion as of the end of last year.

CapitaLand was formed from the merger of Pidemco Land and DBS Land in November 2000.

Going ahead, CapitaLand said it will focus on growth in China, and also on being one of Asia’s largest owners of shopping malls through CapitaMalls Asia.

As part of the celebrations, CapitaLand said it will donate S$5 million to childrens’ charities across Asia.

Liew Mun Leong, group president and CEO, CapitaLand, said: “I see CSR (corporate social responsibility) as not so much directly (from the) business impact, but more from the point that our staff feel very close to the subject.

“It provides them with an opportunity to do volunteer work, and to sum it up, it gives the company a soul to work with.”

Source : Channel NewsAsia – 19 Feb 2010

COMMENTS