Mainboard-listed CapitaLand has sold its entire 20 per cent interest in the Macao Studio City project for a cash consideration of HK$658.7 million (S$104.5 million). CapitaLand's stake in the casino project is through its one-third ownership of East Asia Satellite Television. It is selling its stake to its joint venture partner, eSun Holdings, which owns the other two-thirds of East Asia Satellite...
Macau Property
CapitaLand's wholly-owned subsidiary, The Ascott, has clinched a contract from China Overseas Property to manage the first international brand of serviced residences in Macau. The premier serviced residence, slated to open in 2014, is to be named Ascott Paragon Macau. Ascott said the residence is not only its first entry into Macau, but it also strengthens the group's leadership position as the largest...