CapitaLand Retail China Trust's Galleria, Chengdu. (Photo: CapitaLand Retail China Trust)

Prudential Plc has become a substantial unitholder of CapitaLand’s China-focused REIT, CapitaLand China Retail Trust (CRCT).

A subsidiary of the insurance and financial services company acquired 550,000 units of the REIT via an open market transaction on 26 December.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.