CapitaMalls subsidiary issues clarification re growth rate

The clarification involves a Business Times article published on 28 January 2012.

The clarification stated:

CapitaRetail China Trust Management Limited (“CRCTML”) as manager of CapitaRetail China Trust (“CRCT”), refers to the Business Times article “CRCT's Q4 DPU rises 10%” on 28 January 2012. The CEO was quoted in that article as saying that “a sustainable growth rate of 5 to 7 percent over the next 20 to 30 years”. The manager wishes to clarify that the 5 to 7% referred to an average annual organic growth rate over the next 20 to 30 years.

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