Prudential reduces stake in CapitaLand’s China REIT

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Prudential plc’s deemed stake Singapore-listed REIT, CapitaLand Retail China Trust (CRCT), has been reduced.

The London-headquartered insurance and investment company’s stake was reduced after a subsidiary disposed off 1,216,000 units of the REIT on 30 April.

CRCT is a China-focused retail REIT with a portfolio of 11 properties across the country.

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