RHB says the scheme document has led it to be more positive on the restructuring exercise.
While maintaining a “buy” rating for CapitaLand, RHB Securities has raised its target price for the property developer to $4.40 from $4.25 previously.
This comes after CapitaLand released its scheme document on July 17 – outlining details of the proposed restructuring of its businesses into two companies.
