As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

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

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

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 20 November 2013

Singapore property developer CapitaLand is planning to sell one-third of its stake in Australand

SINGAPORE: Singapore property developer CapitaLand is planning to sell part of its stake in Australand.

This comes after the Singapore property firm said earlier this year it will be retaining its stake in the Australian residential and commercial property developer after a strategic review.
In a filing with the Singapore Exchange, CapitaLand said it is now proposing to sell 115.66 million of the approximate 342 million stapled securities it currently owns in Australand.
This works out to about one-third of CapitaLand's 59.1 per cent interest in Australand.
Australand develops and owns properties mostly located in Australia's largest cities -- Sydney, Melbourne and Brisbane.
According to media reports, the deal is said to be worth up to S$507.5 million (A$434 million), with the securities reportedly proposed to be sold between A$3.685 and A$3.75 each.
Allocation and pricing of the securities is expected to take place on November 21. 

1 comment:

Related Posts with Thumbnails