CapitaLand China Trust (CLCT) is a China-focused REIT that invests in real estate assets used primarily for retail, office, and industrial purposes. Listed on the SGX since December 2006, the REIT’s current portfolio comprises 12 shopping malls and five business parks located across 10 Chinese cities. At the CLCT’s 2021 AGM, CEO Tan Tze Wooi addressed thematic issues brought about by the COVID-19 pandemic, the REIT’s financial performance, and its plans moving forward. 1. The CEO said CLCT started FY2020 by having to respond to unprecedented COVID-19 challenges as health and safety issues took priority. The REIT provided rental reliefs and worked out flexible and mutual solutions for its tenants. It also accelerated its digitalization efforts, building a stronger omnichannel retail ecosystem to widen customer outreach while at the same time drawing deeper consumer insights to ‘future ready’ its business. 2. Notwithstanding these efforts, CLCT’s FY2020 financial performance was negatively...