CapitaLand buys out JV partner's stake in Dalian Ascendas IT Park for S$103 mil

CapitaLand buys out JV partner's stake in Dalian Ascendas IT Park for S$103 mil
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SINGAPORE (May 27): CapitaLand has acquired the remaining 50% equity stake of its joint venture company DLSP-Ascendas Co for a cash consideration of RMB501 million (S$103 million), the group announced on Thursday.

DLSP-Ascendas Co, a China-incorporated company, holds Dalian Ascendas IT Park located in Dalian High-Tech Industrial Zone, Dalian, in the People's Republic of China.

The acquisition was made through CapitaLand’s wholly-owned subsidiary Ascendas (China), who purchased...(click on link for full story on theedgesingapore.com)