CapitaLand Retail China Trust Divests From CapitaMall Wuhu

News about CapitaLand China Trust

CapitaLand Retail China Trust and it's sponsor CapitaLand are both selling their stake in the company that owns CapitaMall Wuhu, in China.

The divestment of CapitaMall Wuhu is expected to be completed in 2H 2019. Following the divestment, CRCT's portfolio will have 10 malls in seven Chinese cities, while CapitaLand's retail network in China will comprise 51 malls in 21 cities.

CapitaLand China Trust
Price0.685 SGD
NAV1.180 SGD
Yield (4 quarters)9.84%