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The latest update is out from Capital World Ltd. ( (SG:1D5) ).
Capital World Ltd. announced that Growth Development & Management Sdn Bhd (GDM) has decided not to proceed with the proposed transaction involving the sale of development rights and beneficial ownership of five tower blocks at Capital City Mall. This decision was influenced by due diligence findings related to the timeline for strata title issuance and the uncertain opening of Mustafa Centre at the mall. Capital City Property Sdn Bhd, a subsidiary of Capital World Ltd., is reviewing the situation and exploring alternative plans for the tower blocks.
More about Capital World Ltd.
Capital World Ltd. is a company incorporated in the Cayman Islands, focusing on property development and management. Its primary operations involve the development and management of properties, such as the Capital City Mall, which includes multiple tower blocks.
Current Market Cap: S$32.2M
Find detailed analytics on 1D5 stock on TipRanks’ Stock Analysis page.