According to Bloomberg, citing sources, CapitaLand Group and Hongkong Land have emerged as potential bidders for the Marina One integrated project in Singapore's Marina Bay financial district.It is understood that Marina One is held by M+S Pte Ltd, a joint venture between Malaysia's sovereign wealth fund Khazanah Nasional and Singapore's Temasek. The owners are currently seeking to sell Marina One for approximately SGD5.7 billion. However, the asking price is considered relatively high and could become one of the obstacles to the transaction. (mn/da)
AASTOCKS Financial News