07 May '12, 1am

Questions Regarding CapitaMall Trust Divestment of Hougang Plaza

Questions Regarding CapitaMall Trust Divestment of Hougang Plaza

I have received some questions regarding CapitaMall divesting Hougang Mall. Since I have a rather large proportion of stocks in Hougang Plaza, naturally I should be concerned and analyze the transaction. For those of you who do not know, CMT will be selling Hougang Plaza to Oxley Bloom for $119.1 mil. CMT is estimated to make a one time gain of $83.8 mil on this transaction.

Full article: http://thefinance.sg/2012/05/07/questions-regarding-capit...

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