CapitaLand warns of China divestment losses.
The company may incur “potential fair value or divestment losses” that impact near-medium term non-operating earnings.
Its current exposure to China is 27% of its S$113 billion in funds.
CapitaLand Investment’s management said in an analyst call earlier this month that it hopes to divest about S$1 billion in China this year, according to a Citigroup Nov 6 note, which added that it estimates the company has just sold about S$300 million so far.
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