CapitaLand's subsidiaries boost their stakes

The total equity injection is $214,460.

CapitaLand announces that its wholly owned subsidiaries, C31 Ventures Fund 1 (C31VF1) and C31VF1-001V (001V), have increased their respective issued and paid-up share capital.

C31VF1 raised its issued and paid-up share from S$759,001 to S$866,001 by way of an allotment of additional 107,000 redeemable preference shares (RPS) to C31 Ventures (C31V), another
wholly owned subsidiary of CapitaLand, for a cash consideration of S$107,000.

001V meanwhile increased its issued and paid up share capital from S$307,689 to S$415,149 by way of an allotment of additional 107,460 RPS to C31VF1 for a cash consideration of S$107,460.

The proceeds of the equity injection will be used to fund the general working capital requirements and investment activities of C31VF1 and 001V, respectively.

Following the shares Increase, C31VF1’s issued and paid-up share capital is S$866,001 comprising one ordinary share and 866,000 RPS; and 001V’s issued and paid-up share capital is S$415,149 comprising one ordinary share and 415,148 RPS.

C31VF1 and 001V remain wholly owned subsidiaries of CapitaLand.

The shares Increase 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 2016.

None of the directors or the controlling shareholder of CapitaLand has any interest, direct or indirect, in the shares Increase.