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CapitaLand eyes greater presence in China post-ASB merger

The merger has opened up avenues for scaling up in key cities, and acquainted the group with business-space assets

Nisha Ramchandani

Published Wed, Oct 16, 2019 · 09:50 PM

Chongqing, China

OPPORTUNITIES have opened up for CapitaLand - following its merger with Ascendas-Singbridge (ASB) - to scale up in key city clusters in China and to widen its range of asset classes there, thus giving it a competitive advantage over other players.

Lee Chee Koon, CapitaLand's group chief executive, declared to The Business Times in an interview: "China will remain a key market for CapitaLand, and be the single largest market for CapitaLand."