SINGAPORE May 16 CapitaLand Ltd has
raised its offer to take over the remaining shares of
CapitaMalls Asia Ltd to S$2.35 from S$2.22, the
company said on Friday.
CapitaLand, Southeast Asia's largest property developer,
said it will not further revise the offer price, and has
extended the closing date of the offer from May 26 to June 9.
The offer has become unconditional, CapitaLand said.
CapitaLand owns 65.3 percent of CapitaMalls Asia, and had
received valid acceptances to shares amounting to about 2.6
percent of the total issued share capital of the shopping mall
developer, CapitaMalls said in a statement.
(Reporting by Rujun Shen; Editing by Stephen Coates)