It said that the two property developers are “likely to start laying the groundwork for the process as early as next year”.
The paper alleged that the process is part of recent moves by Temasek-owned entities to evaluate options for growing their businesses into larger, stronger global entities.
Temasek Holdings owns 100% of Mapletree Investments and 54% of CLI.
CLI said that it remains firmly committed to delivering long-term value for its shareholders and in the ordinary course of its business, it regularly explores and evaluates various investment opportunities that align with its strategic objectives.
“We are aware of recent market speculation. As a matter of policy, CLI does not comment on rumours or speculation,” the release reads. “Should there be any matters requiring disclosure, CLI will make the announcements in accordance with the listing manual of the SGX-ST.”
Shares in CLI closed 2 cents higher or 0.758% up at $2.66 on Nov 3.
