CapitaLand forms five subsidiaries

Three will be based in the US.

CapitaLand established five wholly-owned subsidiaries as part of its business development.

According to an announcement, Adswood Pte Ltd and Adswood Investment Pte Ltd are investment holding companies established in Singapore. It has a paid-up share capital of $1 per ordinary share.

The three other companies will be based in the US.

Adswood Hotel REIT LLC and Adswood SM LLC will also serve as investment holding companies.

Meanwhile, Adswood TRS LLC will be the operating company in the US.

CapitaLand Group does not expect the formation of the subsidiaries to affect company performance for the year.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.