CapitaLand, Wal-Mart deal

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12 July 2005

Singapore's CapitaLand signed an agreement with Wal-Mart's Chinese partner, Shenzhen International Trust & Investment Co, to take a 65% stake in 15 malls anchored by Wal-Mart across China. As a part of the US$400m deal, CapitaLand has an option to invest in 17 other malls anchored by the world's biggest retailer.

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