CapitaMalls Asia seeks $2.8b in IPO
CapitaLand will float a 30 per cent stake in its wholly-owned unit CapitaMalls Asia. -Reuters
Tue, Nov 03, 2009
Reuters
CAPITALAND'S Asian shopping-malls unit is looking to raise about US$2 billion (S$2.8 billion) in its Singapore initial public offering, a move that will help boost the war chest of South-east Asia's biggest property developer.
CapitaLand will float a 30 per cent stake in its wholly-owned unit CapitaMalls Asia, which has 86 retail properties valued at around S$20.3 billion in Singapore, China, Malaysia, Japan and India.