The Malaysian Insider, 8 Oct 2009
CapitaLand’s long-delayed plan to list its Malaysian malls locally is unlikely to materialise now that it has decided to spin off its pan-Asian retail portfolio and list it separately on the Singapore bourse.
CapitaLand, which obtained two extensions to proceed with listing plans in Malaysia, did not respond to telephone or email enquiries yesterday on how its proposed spin-off of CapitaMalls Asia (CMA) - the vehicle under which the retail portfolio will be parked — will affect or alter its plans for a Malaysian-listed retail Reit.
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