Soon Choo Hock, Goh Kian Hwee, Cynthia Goh and Lee Xin Mei from the Corporate Practice acted for CapitaMalls Asia Limited (“CMA”), listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”), in its S$350 million subscription for an aggregate effective equity interest of 25% in a company which successfully tendered for the Chao Tian Men site, a prime site for a landmark mixed development in Chongqing, China, at a tender price of RMB6,536 million (equivalent to approximately S$1,282.8 million).
CMA is one of the largest listed shopping mall developers, owners and managers in Asia by total property value of assets and geographic reach. CMA has an integrated shopping mall business model encompassing retail real estate investment, development, mall operations, asset management and fund management capabilities. It has interests in and manages a pan-Asian portfolio of 97 shopping malls across 51 cities in the five countries of Singapore, China, Malaysia, Japan and India, with a total property value of approximately S$26.9 billion (HK$168.1 billion) and a total GFA of approximately 88 million sq ft.
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