Bloomberg.com, 5 Oct 2009
CapitaLand Ltd., Southeast Asia’s largest developer, plans to list its CapitaLand Retail Ltd. subsidiary in Singapore to tap growth in Asia’s shopping mall industry.
CapitaLand Retail will be renamed CapitaMalls Asia Ltd. and will have stakes in and manage malls valued at S$20.3 billion ($14.4 billion) as of June 30, the company said in a statement to the Singapore stock exchange today. The unit will take control of CapitaLand’s retail real estate fund and property trust management business.
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Related:
CapitaLand aims to float 20-30 pct of mall unit - Interactive Investor
CapitaLand to list retail property unit - Financial Times
CapitaLand to list mall unit; IPO may raise $1 bln - Reuters
