Staff Reporter

Published:

8 years ago

CapitaLand completes 70% stake acquisition in SHGC

Increases exposure to Shanghai property market.

CapitaLand Limited (CapitaLand) wishes to announced that its acquisition of a 70% stake in Shanghai Guang Chuan Property Co., Ltd. (SHGC) which was unveiled back in June has been completed.

SHGC, a company incorporated in the People’s Republic of China with a registered capital of RMB1.35 billion (approximately S$274.4 million), owns two plots of land with a total gross floor area of 110,000 sqm in Hanzhonglu, Zhabei District, Shanghai.

The Property which will be developed into a mixed development comprising residential, office and retail components is entrally located within the Inner Ring of Shanghai and sits right above an interchange station for three metro lines. It enjoys a waterfront view of the Suzhou River. SHGC’s sole asset is the property.

Following the completion, SHGC has become a 70% owned subsidiary of CapitaLand.

Follow the link for more news on

CapitaLand Limited

Also Read

Pair of 4-storey buildings at Balestier on sale

Chart of the day: May condo rents rise by 2.8% MoM

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!

I want to download the media kit

Top News

Foreign workforce revival to help manufacturing but risks remain

The reopening of borders will help sustain the overall manufacturing momentum.

Manufacturing

1 day ago

Mergers, IPOs plunge in first half of 2022

The value of the seven IPOs in Singapore so far is 90% lower than last year's.

Financial Services

1 day ago

Singapore’s investment banking fees rise 3.3% in first half of 2022

However, DCM underwriting fees were slightly lower than in 2021.

1 day ago

Manufacturing output grew by nearly 14% YoY in May

Without biomedical manufacturing output, it grew by 18%.

Manufacturing

1 day ago

Exclusives

Recurring mega sales have their own dangers

An expert from Intrepid warned against ‘shopper fatigue’ triggered by frequent large-scale shopping events.

Retail

1 day ago

One chat away: Conversational commerce levels the playing field for brands online

Leaving consumers with unanswered queries can result in $2m missed revenue per day.

2 days ago

Want to be the next Ninja or PewDiePie? This startup can help gamers level up in the industry

Yup.gg CEO Raiford Cockfield III said his team's goal is to professionalise all gamers.

Information Technology

Why this SG-based fintech firm is ending the pen-and-paper era of financial advisors

GoalsMapper used its cloud-based platform to help financial advisors support 80,000 clients.

Event News

Total IT Global recognised for its innovative approach at the Malaysia International Business Awards

The leading, integrated IT solutions provider invested in a proprietary tool to create seamless workflows, resulting in high-impact outcomes and future benefits for clients.

Co-Written / Partner Dell Technologies wins Technology - Innovation award in the SBR International Business Awards 2022

Co-Written / Partner Adventus Singapore takes SBR National Business Awards for IT Services

Cards & Payments Ekata nabs Technology Excellence Award for API - Payments

Total IT Global recognised for its innovative approach at the Malaysia International Business Awards

The leading, integrated IT solutions provider invested in a proprietary tool to create seamless workflows, resulting in high-impact outcomes and future benefits for clients.