CapitaLand’s acquisition of Ascendas-Singbridge gets shareholders’ nod

Lee Chee Koon sharing the strategic benefits of the acquisition of the business of Ascendas-Singbridge at the EGM. Photo from CapitaLand.

Independent shareholders have voted in favor of CapitaLand‘s proposed S$11 billion ($8 billion) acquisition of Ascendas-Singbridge (ASB), a deal that would create the largest diversified real estate group in Asia.

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