Reuters
25 Jun 2008
SINGAPORE, June 25 (Reuters) - Southeast Asia's largest property developer CapitaLand (CATL.SI: Quote, Profile, Research, Stock Buzz) said on Wednesday it had paid S$250 million ($183 million) for 62 percent of a retail mall in Malaysia.
CapitaLand Chief Executive Pua Seck Guan said the latest acquisition puts the Singapore-listed firm on track to set up its Malaysian retail real estate investment trust (REIT) by end of this year.
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