Reuters India, 2 Nov 2009
CapitaLand's Asian shopping malls unit is looking to raise about $2 billion in its Singapore initial public offering, a move that will help boost the warchest of Southeast Asia's biggest property developer.
CapitaLand will float a 30 percent stake in its wholly owned unit CapitaMalls Asia Ltd, which has 86 retail properties valued at around S$20.3 billion ($14.5 billion) in Singapore, China, Malaysia, Japan and India.
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