$Mapletree PanAsia Com Tr(N2IU.SI)$ $CapitaLandInvest(9CI.SI)$
we believe with CLI’s ambitious $200 billion AUM target and need for major share price catalyst there is could be an urgency to get this deal done. Mapletree on the other hand has been facing challenges from its overseas markets and thus in our view maybe more open for such a merger.
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The paper alleged that the process is part of recent moves by Temasek-owned entities to evaluate options for growing their businesses into larger, stronger global entities.
Temasek Holdings owns 100% of Mapletree Investments and 54% of CLI.
CLI said that it 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.