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Monday, January 28, 2008

CapitaLand offers to buy out Ascott

SINGAPORE: CapitaLand Ltd offered at least S$929.5 million (S$1 = RM2.28) to buy out minority owners of Ascott Group Ltd, after shares in Asia's biggest operator of serviced apartments fell 40 per cent over the past eight months.

(9-1-2008 Blooberg)

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