China Woes Drive 70% Plunge in Singapore CapitaLand’s Profit
CapitaLand Investment Ltd.’s shares tumbled more than 7% after the Singapore-based property asset manager posted a plunge in earnings, with valuation losses in one of its largest markets, China, continuing...
By Dexter Low · Bloomberg
CapitaLand Investment Ltd.’s shares tumbled more than 7% after the Singapore-based property asset manager posted a plunge in earnings, with valuation losses in one of its largest markets, China, continuing to weigh on its bottom line.