Private capital encouraged into fields of science, technology and industry for national defense
The Guideline specifies that private capital is attracted and encouraged to enter such fields of science, technology and industry for national defense as scientific research and production of weaponry and equipment, investment and construction of science, technology and industry for national defense, restructuring and reorganization of military industrial enterprises and development of military-civilian dual-use technologies.
CapitaLand said it has deployed aa total of about S$1 billion from its recent S$1.8 billion rights issue to increase the capital base of its wholly owned China, Vietnam and Ascott businesses.