Jan 2019 Edition
*This Report was first published for our VIA Email Subscribers on 31st Jan 2019, a free newsletter service, to find out more, click here.
The Singapore stock market has been soft. The Singapore property market has been soft. The Singapore oil & gas sector has been soft. When growth is running out, something tends to happen in an industry; consolidation.
And it seems Singapore is about to see one of the largest consolidations ever happened in the property sector. CapitaLand Limited, the largest property developer in Southeast Asia, has announced it is proposing to acquire Ascendas-Singbridge Group, the property company directly owned by its main shareholder; Temasek.
The proposed mega-deal will cost CapitaLand about S$6.04 billion and the company will have to take on an additional S$4.87 billion worth of net debt and minority interest.
But! With this acquisition, CapitaLand claims it will become the largest
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