CapitaLand Investment Limited (SG:9CI) has released an update.
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CapitaLand Investment Limited is set to enhance its private credit capabilities and expand its presence in Australia through the strategic acquisition of Wingate Group Holdings for A$200 million. This acquisition, which aims to increase CapitaLand’s funds under management by over 30% in Australia, marks a significant step towards reaching their ambitious goal of S$200 billion by 2028. With Wingate’s extensive experience in the Australian market, CapitaLand expects to strengthen its private funds business and attract more high-net-worth investors.
For further insights into SG:9CI stock, check out TipRanks’ Stock Analysis page.
