CapitaLand unit trims stake in GKK for $78.6m

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No The group’s interest in the Chinese real estate developer fell to 45%. CapitaLand’s wholly-owned subsidiary CLC Investment Seven (CIS) has divested an aggregate 40% equity interest in Guangzhou Kai Ke Xing Mao Real Estate Development (GKK) to an unrelated purchaser for $78.6m (RMB395.7m) through a series of transactions, a press release revealed. read more