Greenland injects S$5b assets into S’pore SPV

CHINA'S biggest state-owned developer Greenland Group has taken the first step of securitising its global real estate assets and has made Singapore its first port of call. For a start, it is injecting 20 hotels in China worth close to S$5 billion into Amare Investment Management Group - a special purpose vehicle set up by Singapore-based Glory Fund Management Group - with the hope of listing a Reit in...

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