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CapitaLand to sell its holdings in three China shopping malls

CRCT expects to enlarge its portfolio and its footprint from eight to 10 Chinese cities with 2.96b yuan acquisition

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CapitaMall Xuefu in Harbin, in China's north-east Heilongjiang province, is one of the three shopping malls in China that CapitaLand Retail China Trust (CRCT) is proposing to acquire from CapitaLand.

Singapore

CAPITALAND will sell all its holdings in three shopping malls in China for 2.96 billion yuan (S$589.2 million) to CapitaLand Retail China Trust (CRCT), the two mainboard-listed companies announced in bourse filings on Tuesday morning.

A CapitaLand subsidiary and three...

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