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CapitaLand to sell a third of Australand stake

Sale of 20% stake could bring it A$434m; pricing expected today
Thursday, November 21, 2013 - 06:00

PROPERTY developer CapitaLand has unveiled plans for a quick sale of about a third of its stake in Australian developer Australand Property Group that could fetch around A$434 million (S$507 million). A secondary placement exercise of 115.66 million Australand stapled securities will be