You are here

CapitaLand to sell a third of Australand stake

Sale of 20% stake could bring it A$434m; pricing expected today

PROPERTY developer CapitaLand has unveiled plans for a quick sale of about a third of its stake in Australian developer Australand Property Group that could fetch around A$434 million (S$507 million).

A secondary placement exercise of 115.66 million Australand stapled securities will be...

Market voices on: