CapitaLand down on Australand earnings

Reuters UK
28 Jul 2008

SINGAPORE, July 28 (Reuters) - CapitaLand (CATL.SI: Quote, Profile, Research) fell as much as 2 percent after its unit Australand Property ALZ.AX posted a 79 percent fall in first half net profit and announced a rights issue to raise up to A$557 million.

CapitaLand dropped to a low of S$5.79 with over four million shares changing hands.

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