SINGAPORE (Sept 16): Capitaland is up 1.1% at $2.80 after announcing a joint venture in Vietnam to build a residential project worth US$150 million ($210 million).
The developer's unit in Vietnam and Thien Duc Trading Construction Co. develop a prime site in District 2, Ho Chi Minh City, Capitaland announced after the market closed on Tuesday.
The project will build about 1,000 homes, says Capitaland.
Shares of Capitaland are outperforming the Straits Times Index which is up 0.7%.