Brief: CapitaLand Retail China Trust updates on proposed acquisition of mall in China

CapitaLand China Trust

18/08/2016 23:37

Aug 19 (Reuters) - CapitaLand Retail China Trust  CRCT.SI : 
 * Management limited (proposed acquisition of galleria, Chengdu, China)  CRCT.SI  
 * Total investment cost for the mall is expected to be about RMB1.53 gbillion 
 * Acquisition is based on an agreed property value of RMB1.50 billion 
 * HSBC institutional trust services (Singapore) limited entered into sale and purchase agreement to acquire shopping mall 
 * Says acquisition is expected to be distribution per unit (DPU) accretive for CRCT 
 * Post-acquisition, co's gearing ratio is expected to increase to about 37% 
 * Source text for Eikon  ID:nSNZ85YqqV  
 
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