CapitaLand to conduct "strategic review" of Australand investment

Other UK, India investments will also be reviewed.

In a short clarification to a Bloomberg report "CapitaLand to Exit U.K., India Projects, Reassess Australand" dated 3 January 2013 submitted to the Singapore Exchange, CapitaLand said "it will conduct a strategic review of its investment in Australand and will also reassess its commercial and residential investments in the U.K., India and Gulf Cooperation Council nations."

CapitaLand added that it will make the appropriate announcement in the event of any material development pursuant to the SGX-ST Listing Rules.

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