Thursday, November 19, 2009

The pull of CapitaMalls Asia

THE public response to CapitaLand’s initial public offering of CapitaMalls Asia – an integrated shopping mall owner, developer and manager – at $2.12 per share is good if the demand for its prospectus is anything to go by.

On the first day, about 2,000 copies of the prospectus were distributed from 13 booths. Copies are available at bank branches as well as selected malls in which the group has an interest – Bugis Junction, Bukit Panjang Plaza, Funan DigitaLife Mall, IMM Building, ION Orchard, Junction 8, Lot One Shoppers’ Mall, Plaza Singapura, Raffles City Singapore, Sembawang Shopping Centre and Tampines Mall. The Singapore public offer closes on Nov 23 at noon. Applications can also be made via specified ATMs and Internet banking websites.

Source: Business Times, 19 Nov 2009

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