Stock News: CapitaLand Ltd signed deal for retail maill in Beijing!

CapitaLand Ltd may be in focus after it said that CapitaRetail China Investments (B) Beta Pte Ltd has signed a sale and purchase deal to acquire Xihuan Plaza retail mall in Beijing for about 260.3 mln sgd or 1.32 bln yuan. CapitaLand said the Beijing mall will be included in the assets for its planned China retail real estate investment trust (REIT), up for listing this year. It also has Anzhen and Wangjing malls, which were acquired last year. CapitaLand gained 0.12 sgd to close at 4.64 yesterday.