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CRCT proposes to buy five business parks, remaining stake in mall for 4.95b yuan

CRCT_TanTzeWooi.jpg
Tan Tze Wooi, chief executive of CRCT's manager, said that business parks in China are “strongly supported” by the country’s economic growth initiatives.

THE manager of CapitaLand Retail China Trust (CRCT) has proposed to buy five business park properties and the balance 49 per cent interest in its Rock Square mall asset for an agreed property value of about 4.95 billion yuan (S$1.01 billion) from related parties.

The five business park...

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