20.01.2010 - CapitaLand buys Orient Overseas' China property business
From China Knowledge: CapitaLand Ltd, one of Asia's largest real estate companies, announced yesterday that they had inked an agreement with Orient Overseas International to acquire its subsidiary Orient Overseas Development Corp Ltd, at the price of US$2.2 billion. The deal, which is expected to be completed in the first quarter of this year, will allow CapitaLand to get 7 developments in Shanghai, Tianjin and Kunshan, with total gross floor area of 1.48 million square meters.....................................Full Article: Source
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