Wuhan New Min Zhong Le Yuan Co holds CapitaMall Minzhongleyuan and three sets of premises located at Sanyang Complex in Jiangan District, in Wuhan.
HSBC Institutional Trust Services, in its capacity as trustee of CapitaLand Retail China Trust (CRCT), has entered into a conditional equity interests transfer agreement to divest its entire equity interest in Wuhan New Min Zhong Le Yuan Co to an unrelated third party for a consideration of RMB258.0 million ($52.6 million).
The agreement was signed on Jan 11 by HSBC Institutional Trust Services’ wholly-owned subsidiary Somerset (Wuhan) Investments.
