Singapore’s CapitaLand to divest interest in three China malls for $427m

People pass a Capitaland logo outside an office building in the central business district in Singapore. Photo: Reuters

Singapore’s largest real estate developer CapitaLand announced that it will be divesting its interests in three Chinese malls to CapitaLand Retail China Trust (CRCT) for Rmb2.96 billion ($427 million) as part of the firm’s asset recycling strategy.

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