Brief: Capitaland Retail China Trust Management enters into equity interests transfer agreement

CapitaLand China Trust

26/07/2017 23:51

July 27 (Reuters) - Capitaland Retail China Trust Management 
Limited  CRCT.SI  : 
    * Proposed Divestment Of Special Purpose Vehicle Holding 
Capitamall Anzhen 
    * Entered into a conditional equity interests transfer 
agreement with Beijing Hualian Anzhen Business Development Co 
    * Estimated net gain from divestment of approximately RMB 
154.6 million 
    * Net proceeds from divestment would be RMB 888.5 million 
    * Aggregate consideration payable by purchaser to acquire  
target SPV is approximately S$232.0 million 
 
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Further company coverage:  CRCT.SI  
 
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