SINGAPORE (Jan 21): On Jan 14, CapitaLand announced it had entered into a transaction with Temasek to acquire its subsidiary Ascendas-Singbridge (ASB). The proposed transaction is valued at $10.9 billion, of which the equity value is $6.036 billion. The transaction has to be approved by CapitaLand’s independent shareholders at an extraordinary general meeting (EGM) expected to be convened in 1H2019.

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