Bloomberg.com, 9 Feb 2009, Chen Shiyin and Andrea Tan
Feb. 9 (Bloomberg) -- CapitaLand Ltd., Southeast Asia’s largest property developer, will raise S$1.84 billion ($1.2 billion) by selling stock to existing shareholders, after fourth- quarter profit slumped 88 percent.
Net income fell to S$78 million in the three months ended Dec. 31, from S$674.7 million a year earlier, the company said in a statement today. CapitaLand plans to sell one share for every two held by investors, including Temasek Holdings Pte, at S$1.30 each, the Singapore-based developer said in a separate statement.
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CapitaLand to raise S$1.84 bln; Q4 net plunges - Reuters UK, 9 Feb 09
CapitaLand to raise $1.84 bln; Q4 net falls 88 pct - Reuters, 9 Feb 09
