{"id":44037,"date":"2017-02-14T10:59:47","date_gmt":"2017-02-14T03:59:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-increases-stake-in-ctd\/"},"modified":"2017-02-14T11:06:23","modified_gmt":"2017-02-14T04:06:23","slug":"capitaland-increases-stake-in-ctd","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-increases-stake-in-ctd\/","title":{"rendered":"CapitaLand increases stake in CTD"},"content":{"rendered":"


\nCapitaLand Limited has increased its stake in CapitaLand-Thien Duc Company Limited (CTD), after its wholly owned subsidiary, CLV Investment 5 Limited, acquired a 20 percent stake in the Vietnam incorporated company for US$17.9 million (S$25.4 million).
\nCTD holds a mixed use development in Ho Chi Minh City known as Vista Verde which features 1,152 residential units. It also owns two land plots within the vicinity of Vista Verde which will be developed into high-rise residential units and landed shop houses.
\nIn a release, CapitaLand revealed that the acquisition is consistent with its \u201cstrategy to increase its residential development portfolio in Vietnam\u201d.
\nIt added that the consideration was \u201carrived at on a willing-buyer and willing-seller basis, taking into account the adjusted net tangible asset value of the acquired interest of US$17.9 million (S$25.4 million) based on the management accounts of CTD as of 31 December 2016 and other commercial considerations\u201d.
\nWith CapitaLand previously holding a 30 percent stake in CTD, the latter will become a 50 percent owned associated company of CapitaLand after the acquisition.
\nCapitaLand does not expect the acquisition to materially affect the group\u2019s net tangible assets or earnings per share for the financial year ending 31 December 2017.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand increases stake in CTD<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CapitaLand Limited has increased its stake in CapitaLand-Thien Duc Company Limited (CTD), after its wholly...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-44037","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bsh","jetpack-related-posts":[{"id":1869,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-bolsters-its-foothold-in-the-vietnamese-market\/","url_meta":{"origin":44037,"position":0},"title":"CapitaLand bolsters its foothold in the Vietnamese market","date":"January 18, 2016","format":false,"excerpt":"\r The company now owns 90 percent of a Ho Chi Minh City-based project The Vista | Courtesy of CapitaLand (Vietnam) Singapore\u2019s CapitaLand, through CapitaLand (Vietnam) Holdings, has beefed up its interest in its CapitaLand Vista joint venture by acquiring an additional 10 percent stake from joint venture partner Thien\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/vistamain.jpg?fit=740%2C511&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":95643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-revenue-up-35-3-on-higher-residential-sales-in-china\/","url_meta":{"origin":44037,"position":1},"title":"CapitaLand revenue up 35.3% on higher residential sales in China","date":"August 8, 2018","format":false,"excerpt":"\r CapitaLand is one of the largest property companies in Asia. CapitaLand\u2019s revenue surged 35.3 percent year-on-year to $1.34 billion in Q2 2018, while net profit increased 4.4 percent to $605.5 million, according to an SGX filing on Wednesday (8 Aug). The strong growth in revenue is attributed to higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-sells-entire-stake-in-nassim-hill-realty-for-411-6m\/","url_meta":{"origin":44037,"position":2},"title":"CapitaLand sells entire stake in Nassim Hill Realty for $411.6m","date":"January 17, 2017","format":false,"excerpt":"\r The sale of Nassim Hill Realty was satisfied entirely in cash, said CapitaLand. CRL Realty, a wholly-owned subsidiary of property giant CapitaLand, has sold its 100 percent stake in Nassim Hill Realty (NHR) to Kheng Leong Company for $411.6 million. In an SGX filing on Monday (16 January), CapitaLand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71242,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-profit-up-28-1-in-q3\/","url_meta":{"origin":44037,"position":3},"title":"CapitaLand profit up 28.1% in Q3","date":"November 8, 2017","format":false,"excerpt":"\r Funan Mall redevelopment that cost $560m, targeted to be completed in Q4 of 2019. (Photo: Capitaland) CapitaLand saw its net profit for the third quarter of 2017 increase 28.1 percent to $317 million from $247.5 million over the same period last year. It attributed the hike primarily to fair\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-vietnam-ceo-chosen-as-vietnams-2016-real-estate-personality\/","url_meta":{"origin":44037,"position":4},"title":"CapitaLand Vietnam CEO chosen as Vietnam\u2019s 2016 Real Estate Personality","date":"June 6, 2016","format":false,"excerpt":"\r The 30-year property veteran will be feted at the Vietnam Property Awards gala in Ho Chi Minh City When asked how to lead a successful real estate development company, Chen Lian Pang, CEO of CapitaLand Vietnam, has a thoughtful answer. \u201cI believe that the best-run companies connect effectively with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-buys-landed-housing-site-in-vietnam-for-s81-4mil\/","url_meta":{"origin":44037,"position":5},"title":"CapitaLand buys landed housing site in Vietnam for S$81.4mil","date":"August 31, 2018","format":false,"excerpt":"\r CapitaLand is buying a prime site in Ho Chi Minh City for VND1,380 billion (approx. S$81.4 million), with the 60,000 sq m land parcel expected to contain over 100 landed housing when the development is completed by 2021. 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