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How did the proposed merger with Pidemco Land come about?

April 26, 2017merger proposed

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How did the proposed merger with Pidemco Land come about?

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DBS Land and Pidemco Land are engaged in largely the same business. Consequently, management of DBS Land and Pidemco Land conducted a strategic review of their businesses and concluded that shareholder value would be maximised through a merger of the two similar companies.