I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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

Monday, 28 June 2010

CapitaLand rids stake in China co for S$117 mln, to make S$33 mln net gain

By BT

CapitaLand Limited said on Monday that its subsidiary, CapitaLand (Sichuan) Holdings Pte Ltd, has sold its entire 50 per cent stake in Sichuan Zhixin CapitaLand Co, Ltd (SZC) to Chengdu Zhixin Industrial (Group) Co, Ltd. (CZI) for RMB570 million (about S$117 million) in cash.

SZC is a property development company in China. It is a joint venture between CapitaLand and CZI, which holds the remaining 50 per cent.

'The sale is part of CapitaLand Group's ongoing strategy of capital productivity,' the company said.

The sale is expected to be completed in the third quarter of 2010.

SZC will cease to be an associated company of CapitaLand and CapitaLand will recognise in its Group consolidated financial statements a net gain of about S$33 million.
Posted by Createwealth8888 at 19:24
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails