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CapitaLand (S$3.27) Secures 50bil yuan credit limit

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Publish date: Thu, 01 Nov 2012, 10:40 AM

CapitaLand has inked strategic cooperation agreements with four Chinese banks for a credit limit allocation of up to 50bil yuan (S$9.8bil) for CapitaLand's China businesses. The move will provide funding for the group's growth plans in its residential, commercial, retail, service residence, integrated developments and financial services sectors across China. Since the start of this year, CapitaLand has committed $3bil in new investments. Singapore and China accounted for the bulk of the new investments.

 

 
 
Source: The Business Times 

 

 

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