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CapitaLand Investment Limited ( (SG:9CI) ) has provided an announcement.
CapitaLand China Trust Management Limited is considering a significant transaction involving the establishment and listing of a new infrastructure securities investment fund, CapitaLand Commercial C-REIT, in China. This transaction includes the divestment of CapitaMall Yuhuating to a subsidiary of CapitaLand Mall Asia Limited and the subscription for a strategic stake in the new REIT. The move is part of a broader strategy to enhance CapitaLand’s market presence in China and is subject to approval by the trust’s unitholders at an upcoming extraordinary general meeting.
More about CapitaLand Investment Limited
CapitaLand Investment Limited is a leading real estate investment management company with a strong focus on China. It operates through various subsidiaries, including CapitaLand Mall Asia Limited, and is involved in managing trusts such as CapitaLand China Trust. The company is engaged in the development and management of commercial and retail properties, with a strategic emphasis on infrastructure securities investment funds.
YTD Price Performance: -4.96%
Average Trading Volume: 12,018,883
Technical Sentiment Signal: Buy
Current Market Cap: S$12.65B
Learn more about 9CI stock on TipRanks’ Stock Analysis page.