SINGAPORE (Dec 25): CapitaLand Mall Asia, the retail property arm of CapitaLand, was on the cusp of fast growth a decade ago. With a huge portfolio of shopping malls scattered across Asia at different stages of development, the unit was a potent play on the region’s growing wealth. In fact, CMA was spun off as a separately listed entity in 2009 for it to directly tap the capital markets to fuel its fast growth.

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