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Keppel Land selling 49.7% stake in Wuxi project for 619m yuan

Thursday, December 29, 2016 - 05:50

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Keppel Land, a wholly owned unit of Keppel Corporation, is divesting its effective 49.7 per cent interest in Cityone Development (Wuxi) Co Ltd (CDCL) to Tianhonglixin Real Estate Co Ltd for about 619 million yuan (S$127 million).

Singapore

KEPPEL Land, a wholly owned unit of Keppel Corporation, is divesting its effective 49.7 per cent interest in Cityone Development (Wuxi) Co Ltd (CDCL) to Tianhonglixin Real Estate Co Ltd for about 619 million yuan (S$127 million).

CDCL owns and develops Central Park City,

sentifi.com

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