CapitaLand, Southeast Asia’s largest real estate company, has established a new unit in China as part of its ongoing business development.
The new China unit, StorHub Songjiang (Shanghai) Co. Ltd, has a registered capital of around S$9.36 million (US$7.58 million), with the principal activity of property holding.
CapitaLand said the establishment of the new subsidiary “is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2011.”
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