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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  CapitaLand Limited    CATL   SG1J27887962

CAPITALAND LIMITED

(CATL)
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CapitaLand to Buy Ascendas-Singbridge Group for S$6 Billion

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01/13/2019 | 08:02pm EST

By Gaurav Raghuvanshi

SINGAPORE--CapitaLand Ltd. (C31.SG) Monday said it will buy Ascendas-Singbridge Pte. Ltd. from Singapore state investor Temasek Holdings in a deal that values the target at 11 billion Singapore dollars (US$8.13 billion).

Half of the acquisition of the real estate company to be paid for with cash and the rest with new CapitaLand shares. The deal will create the largest real estate group in Asia with assets under management of over S$116 billion, CapitaLand said in a statement to Singapore Exchange.

Temasek will receive about S$3 billion in cash and another S$3 billion in new CapitaLand shares priced at S$3.50 each, taking its stake in CapitaLand to 51% from 40.8% at present.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ASCENDAS HOSPITALITY TRUST 2.75% 1.12 End-of-day quote.0.00%
ASCENDAS INDIA TRUST 1.23% 1.65 End-of-day quote.6.45%
ASCENDAS REAL ESTATE INVESTMENT TRUST 0.32% 3.14 End-of-day quote.5.72%
CAPITALAND COMMERCIAL TRUST 0.00% 2.14 End-of-day quote.7.54%
CAPITALAND LIMITED -0.25% 3.93 End-of-day quote.4.80%
CAPITALAND RETAIL CHINA TRUST 1.84% 1.66 End-of-day quote.3.11%
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Latest news on CAPITALAND LIMITED
01/17GENERAL ANNOUNCEMENT : :Ascendas Reit - Dissolution of the Nominating and Remune..
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01/15ASSET ACQUISITIONS AND DISPOSALS : :Acquisition of New Subsidiaries in India
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01/10GENERAL ANNOUNCEMENT : :Ascendas Reit - Payment of Acquisition Fee by Way of Iss..
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01/09CHANGE - CHANGE IN CORPORATE INFORMA : :Dissolution of dormant wholly owned subs..
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01/09CHANGE - CHANGE IN CORPORATE INFORMA : :Dissolution of dormant subsidiary, Cheng..
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More news
Financials (SGD)
Sales 2019 5 693 M
EBIT 2019 2 849 M
Net income 2019 1 666 M
Debt 2019 25 412 M
Yield 2019 3,13%
P/E ratio 2019 12,3x
P/E ratio 2020 12,0x
EV / Sales2019 7,94x
EV / Sales2020 6,62x
Capitalization 19 797 M
Technical analysis trends CAPITALAND LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 4,27  SGD
Last Close Price 3,93  SGD
Spread / Highest target 22,1%
Spread / Average Target 8,61%
Spread / Lowest Target -3,31%
EPS Revisions
Managers
NameTitle
Chee Koon Lee Group Chief Executive Officer & Director
Kee Choe Ng Chairman
Cho Pin Lim Chief Financial Officer
Amirsham bin Abdul Aziz Independent Non-Executive Director
Ching Yen Lee Independent Non-Executive Director