Capitaland Retail China Trust Completed Acquisition Of Company That Holds The Ascendas Xinsu Portfolio
January 5, 2021 – Capitaland Retail China Trust announced that, through the Xinsu CRCT Purchaser, has completed the acquisition of 51% of the shares in the Xinsu HoldCo, which indirectly holds the Ascendas Xinsu Portfolio.
The balance 49.0% of the shares in the Xinsu HoldCo is held by the Xinsu CLC Purchaser.
Following completion of the acquisition of the Xinsu HoldCo, the Xinsu HoldCo is now a subsidiary of CRCT .
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