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CapitaLand acquires remaining equity interest in DLSP-Ascendas Co. for $79m
Transactions - MAY 27, 2021

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CapitaLand acquires remaining equity interest in DLSP-Ascendas Co. for $79m

by Andrea Zander

CapitaLand has acquired the remaining 50 percent equity stake of its joint venture company DLSP-Ascendas Co. for a cash consideration of RMB501 million ($79 million).

DLSP-Ascendas Co., a China-incorporated company, holds Dalian Ascendas IT Park, located in Dalian High-Tech Industrial Zone, Dalian, China.

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