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.

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

@SPOT_ON
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. $CapLand China T(AU8U.SI)$
CLCT POISED TO SELL MALL AT ABOVE 748 MILLION YUAN TO CLCR SHANGHAI IPO

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet