CPAMF News 1.5700 Capitamall Trust (CPAMF)
Post# of 273249
CapitaLand, CapitaMalls Asia and CapitaMall Trust Sign Option to Sell Westgate Tower for S$579.4 Million (HK$3,577.2 million)
JCN Newswire - Fri Jan 03, 6:54AM CST
CapitaLand Limited; CapitaMalls Asia Limited (SGX: JS8 and HKEx: 6813); and CapitaMall Trust Management Limited, the manager of CapitaMall Trust; announced today that they have granted options to a consortium1 comprising Sun Venture Homes Pte. Ltd. and Low Keng Huat (Singapore) Limited to purchase Westgate Tower for S$579.4 million. The consortium has up to 24 January 2014 to exercise the options.