Perspectives from the acquired
Capitaland acquisition of Ascendas Singbridge From a high level perspective, Temesek holdings and capitaland is doing a merger via swapping of shares. Capitaland gains control over the units of A-REIT, I trust H trust, and property development arm of Ascendas Sing bridge. Temesek gains a controlling stake in the Capitaland cash cow. There is no direct impact on Ascendas India trust and ascendas REIT as the controlling shareholder TH stays the same, amid shrouded by an additional corporate veil. 18.14% of my portfolio is exposed to ascendas singbridge. (Ascendas India trust and Ascendas REIT). Although I did not deliberately structure it to be significantly exposed to one single sponsor , it could be a potentially unexpected windfall if capitaland shareholders decide to approve this acquisition and the acquirer makes a tender offer for the remaining I trust and A REIT units (In capitaland shares or cash). This is nonetheless speculation as firm details can only be provided...
