The manager of CapitaLand China Trust (CLCT) has proposed to acquire a portfolio of four prime logistics assets in China’s key logistics hubs of Shanghai, Kunshan, Wuhan and Chengdu on Oct 12.
The cities are also within CapitaLand’s five core city clusters of Beijing/Tianjin, Shanghai/Hangzhou/Suzhou/Ningbo, Guangzhou/Shenzhen, Chengdu/Chongqing/Xi’an and Wuhan.
The logistics assets were acquired through three conditional share purchase agreements with QR Asia Logistics Master Holdco I to acquire all the issued shares of Wuhan Logistics, ABM KS Investment and Forum Court Limited.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
