30 days ago • Posted by William Ramstein
CapitaLand sees major share price surge from trading halt lift
Singapore company CapitaLand climbed 21% this morning after a trading halt was lifted. After a hard year under coronavirus saw the company lose $1.2 billion, CapitaLand decided to restructure--the firm plans to create and list an investment management entity which will house operations including real estate investment trusts and lodging. Its move into real estate management positions the firm as the top real estate group in Asia and third-globally speaking.