The Business Times
business-time-50

CRCT to buy mall in Chengdu shopping belt for 1.53b yuan

Trust enters into agreement to buy BR Spicy (HK), which holds Galleria mall

Nisha Ramchandani

Nisha Ramchandani

Published Fri, Aug 19, 2016 · 09:50 PM

    Singapore

    CAPITALAND Retail China Trust (CRCT) is acquiring a shopping mall in Chengdu for some 1.53 billion yuan (S$310.4 million), which will take the number of malls in its portfolio to 11.

    Galleria mall is located in the Xinnan Tiandi retail precinct of Gaoxin District in south Chengdu, which is a major shopping belt.

    CapitaLand

    TRENDING NOW

    MAS notes that the possible reassessment of AI-related asset valuations is a key risk factor.

    One-third of Singapore-listed firms at risk in severe AI downturn: MAS

    Patrick Ng, CEO and executive director at Huationg Global, was named the Best CEO in the small-cap category at the 2026 Singapore Corporate Awards. 

    ‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    At least two lenders under receivables financing facilities have accused iron ore trader Radiant World in legal proceedings of providing falsified documents.

    Radiant World table shows six lenders with US$870 million exposure

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More