CapitaLand to hold EOGM on listing shopping mall business

Property developer CapitaLand said on Thursday that it will hold an extraordinary general meeting or EOGM on its plan to list its shopping mall business.

It is seeking approval for the proposed public offering of shares in CapitaMalls Asia.

On Monday, CapitaLand announced that it is re-organising its retail unit by having CapitaMalls Asia hold its shopping mall business, including the retail real estate fund and REIT management business.

CapitaMalls Asia will have a portfolio of 86 retail properties valued at S$20.3 billion spread across five countries in Asia.

The EOGM will be held on October 30.

Source : Channel NewsAsia – 8 Oct 2009

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