Posts Tagged ‘Properties’
CapitaLand Ascendas Reit proposes S$329 million divestment of five Singapore properties
[SINGAPORE] The manager of CapitaLand Ascendas Reit (Clar) announced on Monday (Aug 18) the proposed divestments of five Singapore properties. These divestments are being proposed at “healthy premiums” of about 6 per cent over the properties’ total market valuation and 20 per cent over the original purchase price, for a total sale consideration of S$329…
Read MoreHotel Properties is back in the black with S$11.4 million H1 profit
Earnings per share for the period was S$0.0134, up from a loss per share of S$0.0162 in the year before [SINGAPORE] Hotel Properties (HPL), which is owned by real estate tycoon Ong Beng Seng, on Thursday (Aug 14) posted a net profit of S$11.4 million for the half year ended Jun 30, reversing from its…
Read MoreStocks to watch: Hotel Properties Ltd, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 30): Hotel Properties Limited (HPL): The property group said on Tuesday it is still in discussions with parties over the redevelopment of Forum The Shopping Mall and voco Orchard Singapore. It added that there is no certainty that…
Read MoreStocks to watch: Hotel Properties Limited, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 30): Hotel Properties Limited (HPL): The property group clarified on Tuesday that it is still in discussions with parties over the redevelopment of Forum The Shopping Mall and voco Orchard Singapore. It added that there is no certainty…
Read MoreWing Tai Properties unveils Hong Kong CBD mixed-use development joint venture with CSI Properties
[SINGAPORE] Real estate developer Wing Tai Properties announced a joint venture with CSI Properties – a mixed-use development in the Hong Kong central business district set to be completed in mid-2026. The placemaking project, named Central Crossing, is a 433,000 square foot (sq ft) development situated at the city’s cultural and lifestyle hub and connected…
Read MoreWing Tai Properties sells entire equity interest in Topworth Enterprises for £43 million
The group will record a gain of approximately HK$31 million (S$5.1 million) from the disposal [SINGAPORE] Wing Tai Properties announced on Monday (Jun 23) that its indirect wholly-owned Europe subsidiary had sold British Virgin Islands-incorporated Topworth Enterprises for £43 million (S$74.5 million) last Friday after trading hours. According to a company statement, Topworth Enterprises’ net…
Read MoreCapitaLand Investment’s Ascott to create over 12,000 jobs for more than 300 new properties
[SINGAPORE] Ascott, the lodging business of CapitaLand Investment (CLI), expects to create more than 12,000 jobs – including 1,500 property leadership roles – to support the opening of over 300 properties by 2028. It will launch talent development efforts in preparation, the company said on Wednesday (May 14). This comes a month after it announced…
Read MoreIf OCBC wants to keep Chulia Street properties, it should partner a property group to redevelop them
[SINGAPORE] In this column on Mar 31, I advocated that OCBC should sell its Chulia and Church Street properties so that the assets can be redeveloped to create a new prime office project in the heart of the Central Business District (CBD). Divesting these buildings will also help create shareholder value. My suggestion that OCBC…
Read MoreTycoon Ong Beng Seng should sell his Hotel Properties Limited stake
[SINGAPORE] Since news broke in mid-July 2023 of the Corrupt Practices Investigation Bureau’s questioning of Ong Beng Seng regarding his dealings with former transport minister S Iswaran, Ong has tenaciously held on as managing director of Hotel Properties Limited (HPL). However, Ong, who is HPL’s co-founder and a member of its board of directors since…
Read MoreStocks to watch: Olam, EC World Reit, Hotel Properties Limited
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 14). Olam: The agribusiness giant on Monday said it expects to fund the reorganisation of its business using divestment proceeds from the sale of both its remaining 64.6 per cent Olam Agri stake as well as its assets and businesses…
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