CapitaLand buys more preference shares in Township Development Fund II

CTDFII issued 1,200 preference shares for $1.6m.

CapitaLand increased the number of issued redeemable preference shares (RPS) it holds in its subsidiary CapitaLand Township Development Fund II Pte. Ltd. (CTDFII), which is now equivalent to 80.01% of the total holding.

The increase is a result of CTDFII allotting an aggregate of 1,200 additional RPS at an issue
price of $1,352.65 (US$1,000) per share to its existing shareholders in proportion to their respective shareholdings for a total cash consideration of $1.6m (US$1,200,000).

Following the share increase, CapitaLand’s interest in the issued redeemable preference class B shares of CTDFII has increased to 113,902 but in percentage terms, its interest in CTDFII remains at 80.01%.