CapitaLand forms 80% owned subsidiary
It will hold investments for the firm.
CapitaLand established an 80% owned subsidiary, Synergy Global Housing International Pte. Ltd (Synergy), as part of its business development.
According to an announcement, Synergy will focus on investment holding for the company.
It was registered for $100 comprising 100 ordinary shares.
The remaining 20% stake in Synergy will be held by a party not related to CapitaLand.