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CMT + CCT = CICT
By Live Rich Life Free  •  January 25, 2020
I have a Cap. I have a Mall. Ahh! Cap Mall.

I have a Cap. I have a Com. Ahh! Cap Com.

Cap Mall Cap Com. Cap Com Cap Mall.

Ahhhhh! Capitaland Integrated Commercial Trust!

Raffles City: Owned 60% by Cap Com 40% by Cap Mall. To become 100% owned by the combined entity.

On 22 Jan 2020 morning, the proposed marriage between Capitaland Mall Trust (SGX:C38U) and Capitaland Commercial Trust (SGX:C61U) was announced. The combined entity, Capitaland Integrated Commercial Trust will become the 3rd largest Reit in APAC and the biggest Reit in Singapore with 25 properties having a value of S$23 billion. Each Capitaland Commercial Trust unit will be compensated with 0.72 unit of Capitaland Mall Trust and 25.9 cents in cash.

I was rather surprised and shocked not because both reits are in my portfolio but because this is the third time within 6 months that my portfolio is affected by such Reits merger....
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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