CapitaLand Retail China Trust Proposed Acquisition of Five Business Park Properties and Balance 49% Interest in Rock Square Briefing Transcript
Hi, everyone. I'm Nicole, the IRO for CapitaLand Retail China Trust. Thank you for joining us on the live briefing on the proposed acquisition of our portfolio of 5 business parks and the remaining stake in Rock Square.
We're excited about this new development as it opens up an exciting new chapter for us at CRCT. This is consistent with CRCT's expanded mandate, as the acquisition marks our first foray into the highly resilient business park asset class. Together with the acquisition of the balance stake in Rock Square, a core asset with proven track record, this transaction will deliver DPU and [new] accretion for CRCT.
We've been listening, and we understand that business parks in China is something new and different to you, our investors and our stakeholders. And so we prepared this short video for you to give you more insights and perspectives into this growing and resilient asset class, following which, our CEO, Mr. Tan Tze Wooi, will be addressing you by bringing
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