CapitaLand Warns of China Losses as Singapore Property Investor Cuts Exposure [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting Paris to Replace Parking Spaces With Trees NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll The Singapore-based firm wants to reduce its exposure in the world's second-largest economy to 10-20% of its expected S$200 billion ($149 billion) in funds under management by 2028, it said in an investor day presentation Friday. In doing so, the company may incur “potential fair value or divestment losses” that impact near-medium term non-operating earnings, it said. Its current exposure to China is 27% of its S$113 billion in funds. The listed investment arm of CapitaLand Group, which is owned by Singapore state investor Temasek Holdings Pte, has long been a major investor in China, but a years-long property downturn there has made these bets, spanning
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- CapitaLand Warns of China Losses as Singapore Property Investor Cuts Exposure [Yahoo! Finance Canada]Yahoo! Finance Canada
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Earnings
- 10/16/24 - Beat
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Sec Filings
- 11/22/24 - Form 424B2
- 11/22/24 - Form 424B2
- 11/22/24 - Form 424B2
- C's page on the SEC website