Edition:
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Capitaland To Inject Two Shanghai Office Buildings Into Cap I As Seed Assets


Thursday, 23 May 2019 07:03pm EDT 

May 24 (Reuters) - Capitaland Ltd ::TO INJECT TWO PRIME SHANGHAI OFFICE BUILDINGS INTO CAP I AS SEED ASSETS.CAPITALAND-ENTERED AGREEMENT TO DIVEST ITS INTEREST IN COMPANIES THAT HOLD INNOV CENTER IN SHANGHAI'S YANGPU DISTRICT TO CAPITALAND ASIA PARTNERS I.DIVESTMENT TAKES INTO ACCOUNT AN AGREED PROPERTY VALUE OF RMB3,101 MILLION (ABOUT S$621 MILLION).SET AN ANNUAL DIVESTMENT TARGET OF AT LEAST S$3 BILLION.