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BRIEF-Capitaland To Inject Two Shanghai Office Buildings Into Cap I As Seed Assets

Reuters SG

May 24 (Reuters) - Capitaland Ltd:

* TO INJECT TWO PRIME SHANGHAI OFFICE BUILDINGS INTO CAP I AS SEED ASSETS

* CAPITALAND-ENTERED AGREEMENT TO DIVEST ITS INTEREST IN COMPANIES THAT HOLD INNOV CENTER IN SHANGHAI'S YANGPU DISTRICT TO CAPITALAND ASIA PARTNERS I

* DIVESTMENT TAKES INTO ACCOUNT AN AGREED PROPERTY VALUE OF RMB3,101 MILLION (ABOUT S$621 MILLION)

* SET AN ANNUAL DIVESTMENT TARGET OF AT LEAST S$3 BILLION Source text for Eikon: Further company coverage: