Singapore Exchange (SGX) today welcomed CapitaLand Investment Limited (CapitaLand Investment) to its Mainboard under the stock code “9CI”.
Part of the newly restructured CapitaLand Group, CapitaLand Investment is a leading global real estate investment manager, with more than 80% of its real estate assets under management in Asia. With a long-standing presence in Asia and domain knowledge across asset classes and geographies, the firm has funds and property management capabilities, across multiple asset classes and a spectrum of private and listed funds.
Miguel Ko, Chairman of CapitaLand Investment, said, “Today’s listing of CapitaLand Investment marks yet another milestone in CapitaLand’s transformation journey. We remain unwavering in our focus to create long-term shareholder value and enhance our global competitiveness. The ride ahead for CapitaLand Investment is an exciting one, filled with opportunities and potential as more global capital flows into Asia and the market increasingly appreciates the value of Asia-based REIMs. While challenges are inevitable, we are confident that the indomitable winning mindset of the ONE CapitaLand ecosystem will set us apart from all our peers. We will continually innovate and thrive amidst adversities, as seen in how we have persevered to complete this major restructuring during and in spite of COVID-19.”
Pol de Win, Senior Managing Director and Head of Global Sales and Origination, SGX, said, “We are delighted to welcome the listing of CapitaLand Investment, a successful outcome from the reorganisation of CapitaLand to further scale up and unlock value for its shareholders. Since its listing on SGX more than two decades ago, CapitaLand has built a strong reputation in Asia and has become a stalwart in the Singapore stock market and real estate sector. We look forward to growing our partnership and supporting CapitaLand Investment on our international listing platform, as it forges ahead with its new strategy.”
SGX’s real estate cluster has a total number of 103 listings with a combined market capitalisation of approximately S$180 billion.
CapitaLand Investment opened at S$2.95 today.