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Singapore reportedly planning to boost local stocks with Temasek Fund - which companies could benefit?

Singapore reportedly planning to boost local stocks with Temasek Fund - which companies could benefit?
asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.

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CapitaLand China Trust sees 40.1% jump in first-half distribution per unit

SINGAPORE (THE BUSINESS TIMES) - CapitaLand China Trust (CLCT) has announced a distribution per unit (DPU) of 4.23 cents for the first half ended June 30, up 40.1 per cent from a DPU of 3.02 cents in the year-ago period, despite an enlarged unit base.
The increase comes on the back of a 72.9 per cent rise in distributable income (DI) to $64.1 million.
In a bourse filing on Thursday morning (July 29), CLCT s manager said the first-half growth was mainly due to new contributions from its business park portfolio, 100 per cent contribution from Rock Square and new contribution from CapitaMall Nuohemule, a mall in Inner Mongolia that opened this year. ....

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CapitaLand welcomes over 300,000 shoppers to Raffles City The Bund in China on opening day

A healthy committed occupancy of 92% reflects the depth and diversity of China’s retail scene. More than half of the mall’s over 200 brands are either new to China, East China, Shanghai or CapitaLand’s portfolio. Strong shopper traffic of over 300,000 was registered on its opening day, marking an encouraging start to Raffles City The Bund’s retail operations.
The integrated development is located along Huangpu River in Shanghai’s fast-developing North Bund, a commercial and cultural hub with direct access to metro Line 12. Designed by Pelli Clarke Pelli Architects with Benoy, the architecture comprises two 50-storey premium Grade A office towers linked at the base by a six-storey mall (four levels above ground and two basement levels). Lauded as Shanghai’s tallest twin towers with a height of 263 metres, Raffles City The Bund offers stunning 270-degree panoramic views of Shanghai Bund and Lujiazui central business district on both sides of Huangpu River. ....

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Raffles City The Bund Shopping Mall Opens in China

Raffles City The Bund Shopping Mall Opens in China
ftnnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ftnnews.com Daily Mail and Mail on Sunday newspapers.

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Insurer Ping An to acquire stakes in six Raffles City properties from Singapore's CapitaLand in deal worth up to US$5.1 billion

Insurer Ping An to acquire stakes in six Raffles City properties from Singapore’s CapitaLand in deal worth up to US$5.1 billion
Pearl Liu [email protected]
Raffles City Hangzhou is among the developments in which Ping An plans to acquire a stake. Photo: Handout
Ping An Insurance (Group), China s largest insurer by market capitalisation, plans to acquire stakes in six Raffles City retail and office developments in China from Singapore s CapitaLand for up to 33 billion yuan (US$5.1 billion).
Ping An Life Insurance Company of China, a unit of Ping An, said it will acquire the stakes in Raffles City Shanghai, Raffles City Beijing, Raffles City Ningbo, Raffles City Chengdu, Raffles City Changning (Shanghai) and Raffles City Hangzhou, according to a filing with Insurance Association of China late on Monday. It will buy 60 per cent to 70 per cent stakes in the six companies owning the six properties, which are worth a total of 46.7 billion yuan. ....

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