CapitaLand has entered into conditional agreements to divest partial stakes in a group of companies that own six of its Raffles City developments in China to Ping An Life Insurance Company China at an agreed portfolio value of RMB46.7 billion ($9.6 billion).

 The transaction is expected to generate net proceeds of more than $2 billion for CapitaLand. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook