This brings BlackRock’s total stake in CapitaLand Limited to over 253.2 million shares, or a 5.01% stake. The asset manager previously held 4.86%. A disclosure of shareholders’ interest is necessary when an investor’s stake in a particular company reaches 5% and above.
Under section 4 of the Securities and Futures Act (Cap. 289), BlackRock and its subsidiaries are considered to be interested persons in the shares.
Shares in CapitaLand closed 5 cents lower, or 1.7% down, at $2.97 on Thursday.
See also: OCBC and CapitaLand signs $150 mil SORA-based loan facility agreement, first in Singapore, and CapitaLand boosts recovery in China through CapitaStar app
