CapitaLand Retail China divests Wuhan mall, three premises for $52.6m

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The company is said to be facing operational challenges in the past years. CapitaLand Retail China has announced a deal to sell real estate in Wuhan, China for $52.6m to an unrelated third party. It is selling its mall CapitaMall Minzhongleyuan and three sets of vacant premises to the third party, which has also agreed to pay approximately $40.8m to cover a shareholder loan and entrustment loans. read more