CLCT POISED TO SELL MALL AT ABOVE 748 MILLION YUAN TO CLCR SHANGHAI IPO

SPOT_ON
06-12

CapitaLand China Trust (CLCT) will be divesting CapitaMall Yuhuating to its new China-listed REIT (C-REIT), CapitaLand Commercial C-REIT (CLCR), for at least RMB748 million ($134.9 million), says CLCT’s manager in a June 12 statement.


The amount will be finalised after the initial public offering (IPO) units are priced and subjected to prevailing market conditions and investor sentiments. As such, CapitaMall Yuhuating may be sold to CLCR at a price higher than the floor price, the manager adds.


$CapLand China T(AU8U.SI)$  

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Modify on 2025-06-12 15:00

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  • SPOT_ON
    ·06-12
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    Chinese government ramping up efforts to boost consumer spending. Consumption-related C-Reits have achieved strong post-IPO average unit price increases of more than 50 per cent, demonstrating the potential for capital appreciation, added the manager.
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  • SPOT_ON
    ·06-13
    Great article, would you like to share it?
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  • SPOT_ON
    ·06-12
    Great article, would you like to share it?
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