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CapitaLand sets up US$1.5b China fund

Group to subscribe for 41.7% sponsor stake in private investment fund, Canadian Pension Plan Investment Board takes 25% stake

Singapore

IN what is the largest private capital-raising that CapitaLand Limited has undertaken, the property group has set up a third private fund of US$1.5 billion to invest in prime integrated developments in gateway cities in China.

Known as Raffles City China Investment...

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