After a long 9 months wait since my first post on CMT + CCT = CICT in Jan 2020, this merger proposal is finally approved. All resolutions in the CapitaLand Mall Trust and CapitaLand Commercial Trust EGMs are passed today on 29 Sep 2020. This means CMT + CCT = CICT will confirm take place and be completed before end Nov 2020. Both EGMs started with a brief presentation and recap on the benefits of this merger.  The benefits can be summarized as such: a) to future proof for large acquisitions and grow beyond Singapore
b) to improve credit rating and boost financing power
c) DPU accretive to unitholders of both Reits
d) reduce single asset class risk through diversification CapitaLand Mall Trust EGM Resolution 1: To approve the proposed amendments to the trust deed constituting CMT (99.75% For) Resolution 2: To approve the proposed merger of CMT and CapitaLand Commercial Trust by way...