CapitaLand acquires shares of Ascendas, Singbridge

01 Aug 2019 CW Staff

With the completion of the transaction, the enlarged CapitaLand Group will operate as a unified entity (from 1 July 2019), as it marks a new chapter of combined competencies and scale. The group’s enhanced real-estate value chain and enlarged global network of commercial, retail, business park, industrial and logistics, integrated and urban development, residential and lodging, and fund and asset management businesses spans over 30 countries across more than 200 cities.

“The completion marks the coming together of two leading real-estate players as one unified entity,” says Lee Chee Koon, Group CEO, CapitaLand Group. “As an enlarged group, we possess fully integrated capabilities in four core markets—Singapore, China, India and Vietnam—while building greater scale in developed markets. With more asset classes in these markets, we will go further to achieve transformational growth. Diversifying our portfolio to new economy sectors, such as business parks, logistics and industrial properties, will give us added competitive edge via a bigger global network of touch points. With greater access to the best talents, capital partners, markets and asset classes, we are confident of building CapitaLand into a winning global company.”

Led by the Integration Management Office, the integration teams have been working closely to achieve operational readiness for CapitaLand Group. Key integration deliverables accomplished include the harmonising of key operational and governance processes, formalising of reporting structures and aligning of key performance indicators and financial reports in the group’s functions and business units across all geographies.

Capital and has completed its transaction with Temasek and acquired all the issued shares of Ascendas and Singbridge, creating one of Asia’s largest diversified real-estate groups with over $123 billion of assets under management. The transaction had earlier received approval by CapitaLand’s independent shareholders at an Extraordinary General Meeting held on April 12, 2019. With the completion of the transaction, the enlarged CapitaLand Group will operate as a unified entity (from 1 July 2019), as it marks a new chapter of combined competencies and scale. The group’s enhanced real-estate value chain and enlarged global network of commercial, retail, business park, industrial and logistics, integrated and urban development, residential and lodging, and fund and asset management businesses spans over 30 countries across more than 200 cities. “The completion marks the coming together of two leading real-estate players as one unified entity,” says Lee Chee Koon, Group CEO, CapitaLand Group. “As an enlarged group, we possess fully integrated capabilities in four core markets—Singapore, China, India and Vietnam—while building greater scale in developed markets. With more asset classes in these markets, we will go further to achieve transformational growth. Diversifying our portfolio to new economy sectors, such as business parks, logistics and industrial properties, will give us added competitive edge via a bigger global network of touch points. With greater access to the best talents, capital partners, markets and asset classes, we are confident of building CapitaLand into a winning global company.” Led by the Integration Management Office, the integration teams have been working closely to achieve operational readiness for CapitaLand Group. Key integration deliverables accomplished include the harmonising of key operational and governance processes, formalising of reporting structures and aligning of key performance indicators and financial reports in the group’s functions and business units across all geographies.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..