CAPITALAND Ltd, Southeast Asia's biggest developer by sales, and China's biggest state-owned investment firm Citic Group, formed a 500 million yuan (US$73 million) fund to invest in the country's business parks.
CapitaLand will hold a 50 per cent stake in the real estate private equity fund, while Chinese investors will own the rest of the developer's first yuan-based fund, the companies said in a statement to the Singapore exchange.
The Citic CapitaLand Business Park Fund is Singapore-based CapitaLand's seventh private-equity fund in China.
By Bloomberg
Tuesday, June 24, 2008
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment