30.09.2011 - Hang Lung, CapitaMalls plan China malls to tap luxury market
Hang Lung Properties Ltd. and CapitaMalls Asia Ltd. have announced plans to build new shopping malls in China, underscoring their confidence in the countryís growing luxury consumer market. Hang Lung, the Hong Kong developer thatís building high-end shopping centers in other parts of China, and its parent bought two sites in Kunming in the southwest for 3.5 billion yuan ($547 million), it said in a stock exchange filing yesterday..............................................Full Article: Source
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