Wednesday, November 4, 2015

CapitaLand ends discussions to buy Asia Square Tower 1

CapitaLand says it has ceased negotiations regarding the potential acquisition of Asia Square Tower 1.

It says it will “continue to explore opportunities which fit in the group’s strategy and terms of which allow the group to generate the required returns”.

On Oct 14, the group announced that together with other parties, it was in negotiations with the vendor of Asia Square Tower 1 for a potential transaction involving the property.

Shares in the company closed 1.63% higher at $3.12 on Tuesday.

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