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CapitaLand Potential Acquisition Of Asia Square Tower 1
Daily Bulletin | 14 October 2015
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CapitaLand Limited has announced that, together with other parties, it is currently in negotiations with the vendor of Asia Square Tower 1 for a potential transaction involving Asia Square Tower 1.

As negotiations with the vendor of Asia Square Tower 1 and the other parties on the terms of the potential transaction are still on-going, there is no certainty or assurance that any transaction for Asia Square Tower 1 will materialise.

If the negotiation proceeds, the group anticipates drawing upon internal sources of funds and available credit lines to finance it. As of 30 June 2015, the group has approximately $3.5 billion in cash and cash equivalents and approximately $3.1 billion in available undrawn facilities.

CapitaLand  3.580 +0.02 +0.56%   
Business: Co develops, owns, and manages real estate properties. [FY18 Geographical] China (41.2%), S'pore (38.5%), Europe & others (18.6%), Vietnam & Others (1.7%).

Insight: Apr-19, 1Q19 revenue fell 23.8% while net profit d... Read More


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