CapitaLand sells entire stake in Beijing firm
Beijing Red Diamond Science & Technology Development has ceased to be an associated company of CapitaLand.
A CapitaLand announcement said BRD owns a completed office building known as IBM China Centre in Beijing with a total gross floor area of approximately 22,667 square metres.
CapitaLand has completed the sale of its entire 50% stake in BRD.