Thursday, August 30, 2007

CapitaLand Sells S'pore Building Stake For US$241m

Source : The Business Times, August 30, 2007

SINGAPORE - CapitaLand, Southeast Asia's largest property developer, said on Thursday that a subsidiary will sell its 50 per cent stake in an office building in Singapore for $366.4 million (US$240.7 million).

The company said that upon completion it will gain $150.8 million in its consolidated accounts from the sale. -- REUTERS

CapitaLand's announcement


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