“We are aware of recent market speculation. As a matter of policy, CLI does not comment on rumours or speculation. Should there be any matters requiring disclosure, CLI will make the announcements in accordance with the Listing Manual of the SGX-ST.”
The Wall Street Journal has reported that Mapletree Investments and CapitaLand Investment (CLI) are exploring a merger. The plans are in the very early stages, and a deal may or may not materialise, the report said. This is not the first time such market talk has emerged.
As analysts weigh in, a CLI spokesperson maintains that CLI won’t comment on rumours. The spokesperson tells The Edge Singapore: “CLI remains firmly committed to delivering long-term value for its shareholders and, in the ordinary course of its business, it regularly explores and evaluates various investment opportunities that align with its strategic objectives.
