Singapore Stock Market News
CapitaLand Mall Trust - Sells Rivervale Mall
StockFanatic
Publish date: Fri, 16 Oct 2015, 01:37 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
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| Rivervale Mall |
■ CT sells Rivervale Mall for S$190.5m to private equity fund
■ Sale price is at a 64% premium to Jun 15 book value, realising a S$72m gain
■ Minimal impact on earnings as property accounts for c.1% of CT's property portfolio
■ Net proceeds will enhance CT's financial flexibility
■ Maintain Add, with unchanged DDM-based target price of S$2.37
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