Regn No.: 198900036N (Incorporated in the Republic of Singapore)
ANNOUNCEMENT PARTICIPATION IN LAI FUNG HOLDINGS LIMITED'S OPEN OFFER
CapitaLand Limited ("CapitaLand") wishes to announce that its
wholly-owned subsidiary, CapitaLand LF (Cayman) Holdings Co.,
Ltd. ("CapitaLand Cayman"), has signed an irrevocable
undertaking to subscribe for its full entitlement of
1,610,000,000 offer shares at the subscription price of
HK$0.125 (approximately S$0.020) per offer share under Lai
Fung Holdings Limited ("Lai Fung")'s 1 for 1 Open Offer (the
"Open Offer"), for a cash consideration of HK$201.25 million
(approximately S$32.63 million) (the "Subscription"). The
Open Offer, which is subject to, inter alia, the
shareholders' approval of Lai Fung, is expected to be
completed and the offer shares are expected to commence
dealing on the Hong Kong Stock Exchange ("HKSE") on 6 June
2012. Please refer to the enclosed announcement by Lai Fung
for more information on the Open Offer.
Lai Fung, an investment holding company incorporated in the
Cayman Islands, is listed on HKSE. It is principally engaged
in property development for sale and property investment in
the People's Republic of China.
As of the date of this announcement, CapitaLand Cayman has an
interest of 20%, comprising a total of 1,610,000,000 shares
of HK$0.10 each in Lai Fung. As Lai Fung's Open Offer is
fully underwritten, CapitaLand's interest in Lai Fung will
remain unchanged at
20% upon the completion of the Open Offer.
The above Subscription is not expected to have any material
impact on the net tangible assets or earnings per share of
the CapitaLand Group for the financial year ending 31
December 2012.
None of the Directors or the controlling shareholder of
CapitaLand has any interest, direct or indirect, in the above
Subscription.
By Order of the Board
Ng Chooi Peng
Assistant Company Secretary
27 February 2012