Capitaland

Capitaland: To divest serviced residence property known as "Citadines Ashley Hongkong" in Tsim Sha Tsui, Hongkong for HK$311m (approx $50m). This will be sold to Jasen Industries Ltd. Co's carrying value (book value) was $35m for this invt. Capitaland currently trades at 0.71x P/B and its low during 09 was approx 0.58x. P/B chart below