CapitaLand puts up two subsidiaries incorporated in Singapore
Principal activity of both will be investment holding.
CapitaLand announced the establishment of CVH (China) Investment Four Pte. Ltd. and CVH (China) Investment Five Pte. Ltd. as part of its ongoing business development.
The above subsidiaries were incorporated in Singapore, each with share capital of S$1 comprising one ordinary share.
The company said the establishment of the subsidiaries is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2012.