CapitaMalls Asia Sets Up $1 Billion #PrivateFund To Invest in China Retail Properties @FoxBusiness @resilient_ent #bennyquetell

Shopping-mall developer CapitaMalls Asia Ltd. (JS8.SG) said Monday it has set up a $1 billion private-equity fund to invest in the development of retail properties in China.

The CapitaMalls China Development Fund III has a life of eight years and will hold as seed assets three of CapitaMalls Asia's shopping malls that are under development, the unit of real-estate group CapitaLand Ltd. (C31.SG) said in a statement. READ MORE AS YOU ENTER THE WORLD OF @FOXBUSINESS Benny quetell resilient media entertainment @resilient_ent private equity

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