Shares & Derivatives
Dr Wealth CICT Merger Review
By Dr Wealth  •  January 29, 2020
This is HUGE news. How HUGE, you ask?
3rd Largest APAC REIT huge. Jokes aside, CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) are looking to merge via scheme of arrangement, renaming themselves as CapitaLand Integrated Commercial Trust (CICT) in the process. This merger will create the 3rd largest REIT in the Asia Pacific and propel CICT to overtake Ascendas REIT as the largest REIT in Singapore by market cap. I think this move comes as a huge surprise to investors and analysts, myself included. REIT Merger speculation for CapitaLand’s REITs had largely been focused on CMT and CapitaLand Retail China Trust (CRCT) given their common mandate over retail assets. Anyway, as usual, let’s take a closer look at this transformative merger.

M&A Overview

Compared to the Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) merger, the CICT merger is cleaner and more clear cut....
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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