CapitaLand’s CEO raises stake in CapitaMall Trust

CapitaLand’s CEO Liew Mun Leong has raised his stake in its unit, CapitaMall Trust, following the REIT’s recent rights issue.

Mr Liew almost doubled his interest in CapitaMall, increasing the number of shares held from 333,410 to 633,479.

That means he now holds about 0.02 per cent of CapitaMall, up from the previous stake of 0.0105 per cent.

Mr Liew is the deputy chairman and a non-executive director of CapitaMall.

Other top brass, like CapitaMall’s CEO Lim Beng Chee and independent non-executive director David Wong, have also increased their shares after the rights issue.

In February, CapitaMall said it would offer nine rights for every 10 existing units held. It said its S$1.23 billion rights issue has been oversubscribed.

Source : Channel NewsAsia – 7 Apr 2009

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