CapitaLand China Trust is annoucing the sale of its entire stake into CapitaMall Shuangjing for RMB842.0 million (approximately S$157.8 million):

The Agreed Interest Price represents an exit yield of 2.8%. Targeted for completion in the first quarter of 2024, the divestment will crystallise higher cash value from the Property and enhance returns to Unitholders and is expected to generate net proceeds of approximately RMB690.7 million (approximately S$129.5 million).