CapitaMalls Asia: Announced it has signed a deal to purchase an interest in an upcoming mall and office complex in Shanghai. Grp will spend $281m for its stake in the project and will fund the proposed investment through a combination of debt and equity….
The deal was signed between Cressida, a wholly-owned subsidiary of CMA, and Beatles Holding, which owns the company developing the project. Total development cost of the project is estimated at $747.2 million and expected to be completed by 2015. Proposed Investment is not expected to have any material impact on NTA and EPS of grp for financial yr 2010.
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