03 Jan '13, 1am

Singapore's CapitaLand Realigns Into Four Main Businesses - Bloomberg

CapitaLand Ltd. (CAPL) , the Southeast Asia developer that is reorganizing into four main units to help focus on its key markets, said it will look to exit some projects in the U.K., India and the Middle East , and reassess its investment in Australia ’s Australand Property Group. The Singapore-based developer, Southeast Asia ’s biggest, will exit commercial and residential investments in the U.K., India and Gulf Cooperation Council nations, Chief Executive Officer Lim Ming Yan told reporters in Singapore today. It also is re-examining its 59 percent in Sydney-based Australand. The exits planned in India, U.K. and the Middle East won’t include the company’s serviced residence and malls businesses, Lim said. CapitaLand, which in the past year announced top management changes and the retirement of its founder, is focusing on China and Singapore, and seeking to exit businesse...

Full article: http://www.bloomberg.com/news/2013-01-03/singapore-s-capi...

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