On the evening of July 17, CapitaLand announced its Extraordinary General Meeting and the Scheme Meeting to be held by way of electronic means on Tuesday, August 10, 2021. The meeting's aim is to seek shareholders’ approval for the Proposed Strategic Restructuring and Listing of CapitaLand Investment as announced by CapitaLand and its existing controlling shareholder CLA Real Estate Holdings on March 22, 2021. 

Post-proposed transaction, CapitaLand’s investment management platforms, as well as its lodging business, will be consolidated into CapitaLand Investment (CLI), which will be listed by introduction on the Singapore Exchange; while the real estate development business of CapitaLand will be placed under private ownership, to be fully held by CLA.

See also: Tough call: Buy CapitaLand or City Developments?

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