It’s funny how life turns out. Just last week I added CapitaLand Limited onto the FH Stock Watch, because I thought it was starting to look interesting as a long term investment. And today, CapitaLand announced that they would be buying over Ascendas-Singbridge from Temasek, in what is probably going to be the largest Singapore M&A deal this year.
Basics: Who is buying who?
There’s a lot of misinformation going around, so I’m just going to summarise quickly what’s happening (the full announcement and slides are here).