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CMT and CCT proposed merger given green light by unitholders

Felicia Tan
Felicia Tan9/29/2020 04:09 PM GMT+08  • 3 min read
CMT and CCT proposed merger given green light by unitholders
The merger is expected to take place on October 21. CCT’s last day of trading is expected to be on October 16.
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The proposed merger between CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) to create a diversified commercial REIT to be named CapitaLand Integrated Commercial Trust (CICT), has received a resounding yes from unitholders on September 29.

See: CMT, CCT propose merger to create largest REIT in Singapore, third largest in Asia Pacific

The result came after over 3,000 unitholders voted by proxy at CMT’s extraordinary general meeting (EGM) and CCT’s EGM and Trust Scheme Meeting held on the same day.

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