CapitaMalls Asia

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Singapore, 16 May 2014 – Sound Investment Holdings Pte. Ltd., a wholly-owned
subsidiary of CapitaLand Limited (CapitaLand), refers to its cash offer (Offer) for all the
remaining shares of CapitaMalls Asia Limited (CMA). It has revised its Offer Price for
CMA shares to S$2.35 per Share (Final Offer Price). This Final Offer Price takes into
account the opinion stated in the Letter from the Independent Financial Advisor to the
Independent Directors of CMA in regard to the Offer.

CMA shareholders who have earlier
accepted the Offer will be entitled to receive the Final Offer Price.
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(14-05-2014, 01:21 PM)smallcaps Wrote:
(14-05-2014, 12:02 PM)opmi Wrote:
(14-05-2014, 11:59 AM)egghead Wrote: The offer for HPL has been increased to $4.00. Will it happen to CMA also? Smile

Can. If minority shareholders continue do nothing and 'Bo hew' CAPL Offer.

Seems like the market also anticipating. Got transactions at $2.23 liao.



new offer of $2.35 announced today!
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(16-05-2014, 08:47 AM)investor2014 Wrote:
(16-05-2014, 08:43 AM)Temperament Wrote:
(16-05-2014, 08:36 AM)investor2014 Wrote: CapitaLand increases Offer Price for CapitaMalls Asia and
declares Offer unconditional


NEW OFFER $2.35
Good! Then what retailer investors must do to accept this latest offer?

i believe u can fill up the acceptance forms that were sent to you.

cos all acceptances will get the new higher offer price.

but if you want to be sure, then its better to wait for them to mail you the revised offer.

Or you can sell in the open market when trading resumes. Get the money a bit faster but need to pay brokerage. Still evaluating...
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PUBLISHED MAY 16, 2014


CapitaLand raises offer for CapitaMalls Asia to S$2.35/shr




BY

ANDREA SOH


sandrea@sph.com.sg @AndreaSohBT

PRINT |EMAIL THIS ARTICLE







Capitalandasia160514


CapitaLand Limited is raising its offer for CapitaMalls Asia (CMA) to S$2.35 a share, its financial advisers announced on Friday - PHOTO: BLOOMBERG





CapitaLand Limited is raising its offer for CapitaMalls Asia (CMA) to S$2.35 a share, its financial advisers announced on Friday.

The new offer represents a 31.5 per cent premium over the last traded price of S$1.788 for CMA shares before the announcement.

Capitaland, which proposed last month to offer S$2.22 for every CMA share, had pared its offer price per share to $2.2025 after CMA shareholders approved a final dividend of 1.75 cents per share for fiscal 2013.

It has also shored up its stake in CMA from 65.3 per cent to 70.4 per cent through open market purchases.
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Great news! I will sell in the open market since 1) I do not have a large qty and 2) it is unlikely that CAPL will revise the offer and further.
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well done minority shareholders...Smile. I'll probably be taking this offer....
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(16-05-2014, 09:22 AM)Ben Wrote: Great news! I will sell in the open market since 1) I do not have a large qty and 2) it is unlikely that CAPL will revise the offer and further.

congrats!

since its final offer, don't think they can raise anymore...
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Good that Capland up the offer and I m willing to sell. Also i noticed the take over didnt trigger a early price increase, unlike the price rise in olam prior the announcement. Well done CMA!
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(16-05-2014, 12:11 PM)Freenasi Wrote: Good that Capland up the offer and I m willing to sell. Also i noticed the take over didnt trigger a early price increase, unlike the price rise in olam prior the announcement. Well done CMA!
For those who held out, give yourself a pat on the back, for those who sold early, give yourself a BIG KICK on your own backside!
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Hope the IFA would not say its compelling juz becoz price raised by a bit...
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