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

Properties are in China's Tier 2 cities and they have an occupancy rate of more than 90 per cent

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Having full ownership of Rock Square mall (above), located in Guangzhou, will allow CRCT to fully capture upside from asset enhancement initiatives.

Singapore

THE manager of CapitaLand Retail China Trust (CRCT) has proposed to buy interests in 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....

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