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Sinarmas Land pulls out as Kailong Reit's investor

It says decision has more to do with macroeconomic environment than any specific factors of the Reit per se

Published Wed, Aug 12, 2015 · 09:50 PM

Singapore

REAL-ESTATE developer Sinarmas Land said on Wednesday it has decided not to participate as a strategic investor in China's Kailong Reit.

When contacted, a spokesman said this has more to do with the macroeconomic environment than any specific factors of the Reit per se.

"It is not a very good ti…

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