Tuesday, June 29, 2010
CapitaLand
CapitaLand: to sell entire 50% stake in Sichuan associate (“SZC”) to JV partner for RMB 570m cash, vs NTA of RMB 398m. Sale to be completed in 2Q10. CapitaLand will recognize a net gain of ~S$33m. EPS would increase from 2.7c to 3.5c, based on 1Q10 numbers, with no material change in Group NTA.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment