CapitaLand China Trust Sells Beijing Mall for S$157.8 Million

News about CapitaLand China Trust

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).

CapitaLand China Trust
Price0.660 SGD
NAV1.180 SGD
Yield (4 quarters)10.21%
Gearing40.8%