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

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Published Wed, Dec 28, 2016 · 09:50 PM

    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, a township project in Taihu New City, Binhu district, in Wuxi.

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