CapitaLand buys CL Township for $191m, sells SIC stake

Gurney Plaza,Penang, Malaysia (visual from CapitaLand homepage)

Singapore’s CapitaLand Limited is to acquire the remaining 60 per cent equity interest in CapitaLand Township Holdings Pte Ltd (CL Township) from Arakan Investments Pte Ltd (Arakan), a wholly-owned subsidiary of Temasek Holdings, for S$240 million ($191.95 million).

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