SINGAPORE - Southeast Asia's largest property developer CapitaLand Ltd said it has acquired a 40 per cent stake in Surbana Corporation, a private limited company wholly-owned by Singapore state investor Temasek Holdings, for a cash consideration of S$360 million (US$288.8 million).
Capitaland, about 40 per cent owned by Temasek, said it appointed JPMorgan as the financial advisor to the acquisition of Surbana, a real estate consultant firm and developer with four township developments in Chinese cities. -- REUTERS
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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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