CapitaMalls’s delisting receives a go from Hong Kong
But complete compulsory acquisition first.
CapitaMalls Asia Limited announced earlier today that The Stock Exchange of Hong Kong(HKSE)’s Board of directors has confirmed that they have no objection to the company being delisted from HKSE.
Upon completion of the complusory acquisition, the company will be delisted from the SGX-ST and HKSE on or after 9am of 22 July 2014, Tuesday.
Earlier in June, CapitaLand’s ownership of CapitaMalls Asia had crossed the 90% threshold, hence the direction towards delisting.