CapitaLand Investment sells 4.9% stake in CapitaLand Ascott Trust for S$162 million
With this transaction, Clas will no longer be a subsidiary of CLI, and will instead be accounted as an associate.
With the transaction, CLI’s holdings in Clas decreased to 24.04% from 28.92%
Clas will no longer be a subsidiary of CLI, and will instead be accounted as an associate of its parent company.
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