The Singapore-led group that won a tender for a large site in the western Chinese city of Chongqing will spend a total of 21.1 billion yuan ($3.31 billion) on what it hopes will become one of the most prominent projects in China, lead developer CapitaLand Ltd said on Tuesday.
Capitaland and CapitaMalls will each take 25 percent of the river-front project, while Singbridge Holdings, a unit of Singapore state investor Temasek will hold 30 percent. Full story
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