CapitaLand has 3 new subsidiaries
Principal activity is investment holding.
In a release, CapitaLand Limited has announced the establishment of three wholly-owned subsidiaries as part of its ongoing business development.
These are CLM Isle Holdings Pte. Ltd., CLM Isle Investment Pte. Ltd., and Hallmark Connection Sdn. Bhd. These subsidiaries' principal activity will be investment holding. Share capital for each is S$1 comprising one ordinary share.
The establishment of the above subsidiaries is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2013.