Capitaland crushes idle subsidiary Prime Equities

The wholly-owned subsidiary is Singapore-based.

In a release, CapitaLand Limited announced that it is voluntarily liquidating its dormant wholly-owned subsidiary, Prime Equities Pte Ltd (“Prime Equities”), a company incorporated in Singapore.

The voluntary liquidation of Prime Equities 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.

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