<div class=newsTextDataWrapInner><p>SINGAPORE (Jan 16): CapitaLand has sold its entire stake in The Nassim for S$411.6 million.</p></div>

<div class=newsTextDataWrapInner><p>Wholly owned subsidiary, CRL Realty sold its 100% stake in Nassim Hill Realty (NHR) to unrelated third-party Kheng Leong Company.</p></div>

<div class=newsTextDataWrapInner><p>NHR is a property development company which developed the freehold low-rise luxurious condominium. It presently owns 45 out of the 55 units at The Nassim.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>CapitaLand says the consideration was arrived at on a “willing-buyer willing-seller” basis and comprises the estimated net tangible assets value of S$138.7 million as at Jan 16.</p></div>

<div class=newsTextDataWrapInner><p>It also takes into account the agreed property value of the 45 units in The Nassim of S$407.2 million and an assignment of a shareholder’s loan of S$272.9 million.</p></div>

<div class=newsTextDataWrapInner><p>The consideration was satisfied entirely in cash.</p></div>

<div class=newsTextDataWrapInner><p>Following the completion of the sale, NHR has ceased to be a subsidiary of CapitaLand.</p></div>

<div class=newsTextDataWrapInner><p>Shares of CapitaLand closed 2 Singapore cents lower at S$3.15.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


SINGAPORE (Jan 16): CapitaLand has sold its entire stake in The Nassim for S$411.6 million.

Wholly owned subsidiary, CRL Realty sold its 100% stake in Nassim Hill Realty (NHR) to unrelated third-party Kheng Leong Company.

NHR is a property development company which developed t...

CapitaLand sells entire stake in The Nassim for S$412 mil

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The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

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The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

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<p>The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the&nbsp;candidates of&nbsp;Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.</p>


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<p>Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.</p>


<p>Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).</p>


<p>The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.</p>

<p>The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


<p>US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.</p>


<p>Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.</p>


<p>Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


<p>Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;</p>


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<p>Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.</p>

<p>The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.</p>


<p>Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.</p>
