Monday, November 24, 2008

Daily news - 24 Nov

Capitaland to sell Ming Zhu stake to Ascott fund
CapitaLand said that it has agreed to sell its entire 100 per cent stake in the share capital of Ming Zhu Investments (BVI) Limited to Ascott Serviced Residence (China) Fund. CapitaLand has a 33 per cent indirect interest in Ascott China Fund. The aggregate cash consideration for the sale was US$15.5 million, subject to post-completion adjustment

Source: Kim Eng

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