CapitaLand Limited (SGX: C31) made its first major move amid its bid to transform into an asset-light investment firm under “CapitaLand Investment Management Limited”, or CLIM. Previously, the property giant highlighted numerous opportunities for capital recycling to refine its portfolio and ensure higher returns for shareholders. The company is making good on its promise now. Yesterday, CapitaLand announced that it had inked an RMB 46.7 billion agreement to divest partial stakes in six of its China development properties to Ping An Life Insurance, a unit of Ping An Insurance (SHA: 601318). This transaction will introduce the major Chinese insurer as a strategic partner to CapitaLand and help the group to accelerate its growth ambitions in the Middle Kingdom. Here are five things investors need to know about this divestment. Attractive monetisation opportunity Currently, CapitaLand holds between 30.7% to 55% of the six properties. The intention is to divest them such that the group will retain a stake of between 12.6% to 30% of each property....