CapitaLand is planning a general offer for the Ascott Group.
However it has not given any details of the offer, which is due to be announced on Tuesday. CapitaLand says the offer will be made through one of its units.
The property developer currently owns 66.5 percent of Ascott, which operates serviced residences.
Trading in the shares of CapitaLand and Ascott, as well as Ascott Residence Trust, were suspended pending the announcement on Tuesday morning.
Ascott is the largest serviced residence operator in Europe and Asia. - CNA/ch
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