CapitaLand Retail China's Q2 DPU falls 4.4%

Singapore

CAPITALAND Retail China Trust (CRCT), which owns 10 shopping malls in China, is still on the lookout to acquire malls in tier-one and higher tier-two cities to grow its portfolio.

At the same time, it is open to divesting CapitaMall Wuhu - "the most challenging property" in its portfolio that has taken a longer than expected time to stabilise given an oversupply situation in the city.