On July 22, Pan Zixiang, CEO of CapitaMall Investments, made a public response to some recent rumors and interpretations in the market. Pan Zixiang said that CapitaMall has never called it a “withdrawal from China.” Instead, it has been actively promoting its own transformation to seize market opportunities in the new cycle of the industry. “We adhere to the strategy of 'rooting in China and serving China' and continue to further develop our business in China using CapitaMall's iconic 'investment, finance, management and divest' asset management model,” Pan Zixiang said.

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