Sep 10, 2020 / NTS GMT
Presentation to Maybank Kim Eng Securities Pte Ltd Regarding Proposed Merger with Capitaland Mall Trust
Sep 10, 2020 / NTS GMT
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Corporate Participants
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* Tien Jin Chee
CapitaLand Commercial Trust - CEO & Executive Non-Independent Director of Capitaland Commercial Trust Management Ltd
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Tien Jin Chee - CapitaLand Commercial Trust - CEO & Executive Non-Independent Director of Capitaland Commercial Trust Management Ltd
Dear unitholders, in late January this year, we proposed merger of CMT and CCT. We shared our rationale that this strategic merger of equals is a proactive response to the evolving developments in the retail and office sectors and also the overarching trend towards decentralization, mixed-use precincts and integrated developments in Singapore, as envisioned by URA in its 2019 master plan.
The unprecedented and unexpected impact of COVID-19 extended our timetable as we had to focus on managing our businesses, and supporting our tenants. While COVID-19 has impacted
CapitaLand Commercial Trust Presentation to Maybank Kim Eng Securities Pte Ltd Regarding Proposed Merger with Capitaland Mall Trust Transcript
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