CapitaLand says 2 China malls closed after quake

CapitaLand says 2 China malls closed after quake

 

SINGAPORE - CapitaLand Limited on Tuesday clarified that its properties in China are not affected by the earthquake in Sichuan.

 

 

However, two of its retail malls in Sichuan — Chengdu Jinniu Mall and Mianyang Fucheng Mall which are held by the CapitaRetail China Development Fund of which CapitaLand Limited has an indirect interest of 45 per cent — are closed to allow time for their tenants to resume business.

 

As a safety precaution, structural engineers will also be engaged to inspect the two malls prior to the resumption of operations.

 

CapitaLand also said all its employees in China are safe. — BT Newsroom

 

Source: Business Times