CapitaLand acquiring another 80% stake in CBKH
The stake is currently held by a China development fund managed by the developer
CAPITALAND is acquiring another 80 per cent interest in CapitaLand (Beijing) Kai Heng Holdings Pte Ltd (CBKH) that it does not already own from a group-managed China fund for 220.2 million yuan (S$45 million).
CBKH, which will become a fully owned subsidiary of CapitaLand post-transaction, has 100 per cent economic interest in Beaufort, a residential development site in Chaoyang District in Beijing.
CapitaLand's latest move, announced after market close yesterday, came hot on the heels of its $3.06 billion delisting offer for CapitaMalls Asia (CMA) on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
New Thai finance chief wants monetary, fiscal policies aligned
Swiss-Asia Financial Services fined S$2.5 million for money-laundering rule breaches
Singapore-based Princeton Digital gets green loan for US$1.5 billion Asia AI hub
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Apple is working on its own AI chip for data centres: WSJ
European oil giants consider shifting their listings to the US