CapitaMalls Asia

[BeDisciplined]

Hi, I read in their CapitaLand announcement that it has gotten SIC approval and it can still delist CMA even if they don't get 90% of the existing shares. (cut and paste below) Is my understanding correct? Thanks

As stated in the Offer Revision Announcement, CapitaLand already held approximately 65.3% of CMA Shares in issue as at the Offer Announcement and as at the date of the Offer Revision Announcement, the Offeror and its Concert Parties hold approximately 70.4% of CMA Shares in issue3. The Offeror has obtained the consent of the SIC to waive the Acceptance Condition, subject to the revised Offer remaining open for another 14 days following the date of posting of the written notification of revision and the Shareholders who have accepted the initial Offer being permitted to withdraw their acceptances within eight (8) days of the notification of the revision, i.e.
within eight (8) days from the date of the Offer Revision Announcement (the “Withdrawal Period”).