CapitaLand sells stakes in investment holding company Keisha

It sold its shares to Rosy Investment One Pte. Ltd.

CapitaLand announced that its wholly-owned subsidiary CapitaLand LF Holdings has sold its shares in Keisha Limited for $322m. Its 63% stake in the said company was sold to Rosy Investment One Pte. Ltd, an associated company of CapitaLand.

The cash consideration, which is equal to US$231m, will be paid in installments over two years in accordance with an agreed payment schedule.

The group said this transaction allows it to recycle capital and redeploy the available proceeds to other investments.

Following the transaction, CapitaLand does not retain control of Keisha, ceasing as its wholly-owned subsidiary. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.
Food & Beverage
Lendela on why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.