CMT to be renamed CapitaLand Integrated Commercial Trust

The trust scheme for the CMT, CCT merger became effective today.

CapitaLand Mall Trust (CMT) is expected to be renamed CapitaLand Integrated Commercial Trust in 3 November, according to a local bourse filing.

At the same date, CapitaLand Commercial Trust (CCT) will be delisted from the SGX.

The trust scheme for the merger of CMT and CCT became effective and binding on 21 October.

CCT unitholders will receive payment of the scheme consideration, comprising $0.2590 in cash and $0.720 new CMT units for each CCT unit held not later than 30 October. The expected date for the payment of the scheme consideration is 28 October.

Also coming into effect on 21 October is CMT’s expanded investment mandate. A novation agreement will be entered on the existing right of first refusal that CapitaLand Singapore granted to CCT's trustee—HSBC Institutional Trust Services— to be novated to CMT.

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Its revenue also rose 23.4% YoY to. US$2,262.4m in the same period. 
It is expected to be ready for launch in H2 2022.
Encouraged by vaccinations, more Singaporeans plan to travel in the next three months.
The amendments include higher penalties for erring property agencies or agents. 
The centre aims to spearhead Singapore’s maritime industry’s energy transition.
However, PropertyGuru’s data showed continued confidence amongst sellers.
The system enables employees to have test results in as fast as 60 seconds.
COVID-19 disruptions continue to cause delays in its projects.
Its underlying profit of $832.2m is still 17% below pre-COVID levels.
The airline saw a net loss of $1.12b in the same period last year.
All of its key businesses were profitable in the first six months of the year.
Singtel, Keppel Corp, and OCBC Bank led the Straits Times Index on 29 July.
There seems to be a trend amongst workers looking to switch employers.