Reuters, 18 Aug 2009
SINGAPORE, Aug 18 (Reuters) - Southeast Asia's largest property developer CapitaLand (CATL.SI) said on Tuesday it was deploying S$ 1 billion of 1.8 billion ($1.24 billion) in capital raised from a recent rights issue to its businesses in China, Vietnam and the Ascott Group.
It said S$500 million of the one billion will go to its China arm, S$299 million to Vietnam and the remainder to Ascott, a wholly-owned unit that operates serviced apartments. While the rest of the S$1.8 billion will be kept for further investment opportunities, the firm said.
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CapitaLand deploys S$1 billion from rights issue - Property-report.com
