Hongkong Land Is Said to Weigh Sale of Singapore Developer MCL

By Yahoo! Finance   |   1 year ago
Hongkong Land Is Said to Weigh Sale of Singapore Developer MCL

Hongkong Land Holdings Ltd. is exploring selling its subsidiary MCL Land Ltd. for a premium above its book value of S$1.1 billion. The company aims to focus on real estate investment trusts and expand assets under management. The decision is still pending.

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