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BRIEF-Capitaland Mall Trust Management enters conditional unit sale and purchase agreement
August 4, 2017 / 12:10 AM / 3 months ago

BRIEF-Capitaland Mall Trust Management enters conditional unit sale and purchase agreement

Aug 4 (Reuters) - Capitaland Mall Trust Management Limited

* Divestment Of Victory Sr Trust

* ‍HSBC Institutional as trustee of CMT entered into a conditional unit sale and purchase agreement with Victory SR​

* Consideration payable by purchaser for purchase of victory sr trust units of s$58.8 million

* On completion of divestment, total proceeds expected to be received by trustee are S$101.8 million

* Divestment not expected to have any material impact on distribution per unit of for financial year ending 31 December 2017. Source text for Eikon: Further company coverage:

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