CapitaLand announced that it will realign and simplify the
Group’s organisational structure to sharpen its focus on key
markets and further accelerate its growth potential.
The Group
will be realigned into four main businesses – CapitaLand
Singapore, CapitaLand China, CapitaMalls Asia (CMA) and The
Ascott Limited (Ascott).
Under the simplified organisational
structure, the Group’s businesses in Singapore and China
excluding that of CMA and Ascott, will be consolidated into
CapitaLand Singapore and CapitaLand China respectively.
CMA and Ascott will be the other two main business units and
they will operate across all geographies that CapitaLand is in.
With the realignment, key appointment changes will also be
made. Key appointment changes are part of overall strategy to
further leverage on management talent and resources to
enhance shareholder returns.
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