Brief: CapitaLand China Trust Announces Divestment Of Co Which Holds Capitamall Shuangjing

CapitaLand China Trust

06/12/2023 01:09

Dec 6 (Reuters) - CapitaLand China Trust  CAPA.SI :
    * DIVESTMENT OF THE COMPANY WHICH HOLDS CAPITAMALL
SHUANGJING
    * DIVESTMENT FOR AGREED PRICE OF PROPERTY OF RMB842.0
MILLION
    * CLCT ENTERED INTO AN AGREEMENT TO DIVEST ITS ENTIRE EQUITY
INTEREST IN CAPITARETAIL BEIJING SHUANGJING REAL ESTATE CO
    * TARGETED FOR COMPLETION IN Q1 OF 2024 FOR DIVESTMENT
    * DIVESTMENT EXPECTED TO GENERATE NET PROCEEDS OF
APPROXIMATELY
RMB690.7 MILLION
    * DIVESTEMENT OF CAPITARETAIL BEIJING SHUANGJING REAL ESTATE
CO TO
AN UNRELATED THIRD PARTY BASED

Source text for Eikon:  ID:nSN33kxBb 
Further company coverage:  CAPA.SI 

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