THE following companies made announcements on Tuesday which could affect trading of their shares on Wednesday.CapitaLand's subsidiary, CapitaLand Investment Co, has divested its 100 per cent stake in Beijing CapitaLand Property Management Co for 20.8 million yuan . BCPM, whose main properties in Beijing are the clubhouse for the Orchid Garden residential development and 137 car park lots in the La Foret residential development, was sold to a party unrelated to CapitaLand.
The scope of work includes site visits to the business locations of the franchisees, conducting targeted reviews on the franchisees' sales and purchase records, reviewing the physical flow of inventory, reviewing internal controls surrounding sales to franchisees and recommending improvements where applicable. PwC will report its findings directly to Best World's audit committee and the SGX RegCo.
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