If you’re an investor or plan to be one after reading our Basics of Investing, then we’re pretty sure that you’ve read about CapitaLand Limited (SGX: C31)’s big announcement today:
Image Credit: CapitaLand
Unsure what this means for you as an investor? Fret not. We’ve pored through the real estate giant’s announcement, news release, and presentation slides from this morning’s live webcast to give you the simplified version of the significance of CapitaLand’s proposed acquisition of Ascendas-Singbridge.
TL;DR: CapitaLand Limited (SGX: C31) To Buy Ascendas-Singbridge From Temasek CapitaLand announced that it has entered into an agreement to buy Temasek unit, Ascendas-Singbridge, in a cash and stock deal worth S$6 billion