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CICT divests JCube to CapitaLand Group subsidiary for $340 mil as an interested person transaction

Felicia Tan
Felicia Tan1/25/2022 1:39 AM GMT+08  • 3 min read
CICT divests JCube to CapitaLand Group subsidiary for $340 mil as an interested person transaction
According to CICT, the divestment is part of its strategy to “deliver stable and sustainable returns to unitholders”.
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The manager of CapitaLand Integrated Commercial Trust (CICT) has divested JCube, a mall located in Jurong Gateway, to CapitaLand Group for a consideration of $340 million on Jan 24.

CICT, on the evening of Jan 24, announced that it had entered into a sale and purchase agreement (SPA) with Tanglin R.E. Holdings in relation to the sale of the property.

Tanglin R.E. Holdings is an indirect subsidiary of the CapitaLand Group. The group itself is an indirect subsidiary of Temasek Holdings.

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