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Welcome to Ministry of Wealth and Gifts for your loved ones!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down


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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

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Thursday, 8 December 2011

CapitaLand's unit rids high-tech industrial site/building for S$99m

By YEO AIQI

CapitaLand Limited on Thursday announced that its unit, Corporation Place Limited, has divested a 30,787 sq metre plot of land and 7-storey high-tech industrial building at 2 Corporation Road, Singapore 618494 for S$99 million.

The book value of the property as at Nov 30, 2011 was S$79.2 million. CapitaLand is expected to recognise a gain of about S$14.5 million.

The divestment will help CapitaLand unlock the value of non-core assets and recycle capital.

The divestment is not expected to have any material impact on the net tangible assets or earnings per share of the company for the financial year ending Dec 31, 2011.



Posted by Createwealth8888 at 19:31
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