[Tee tiong huat]

Lendlease agreed to end all international development and sell its overseas construction division. The change is the biggest overhaul of the business since it sold MLC to the National Australia Bank more than two decades ago.

Investors took the $1.38 billion in impairments and restructure charges – within a range of between $1.15 billion and $1.48 billion outlined in May – in their stride, however, and Lendlease shares closed down just 5¢, or less than 1 per cent, at $6.30 on Monday.

https://www.afr.com/property/commercial/...0Australia.

Though is $1 bil, now 1.5 bil...?.