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Low Keng Huat to sell Westgate Tower stake, buy remaining 45% of Paya Lebar Square in shift to retail

Singapore Business Times (companies-markets): Low Keng Huat to sell Westgate Tower stake, buy remaining 45% of Paya Lebar Square in shift to retail PROPERTY player Low Keng Huat has entered agreements to sell its interests in Westgate Tower for S$97.1 million, while buying the remaining 45 per cent of Paya Lebar Square that it does [...]

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Genting Singapore-led Japanese consortium submits bid for Yokohama City IR project

Singapore Business Times (companies-markets): Genting Singapore-led Japanese consortium submits bid for Yokohama City IR project GENTING Singapore has submitted a bid to build an Integrated Resort (IR) in Japan's Yokohama City, leading a consortium of Japanese corporates including Sega Sammy Holdings, Sohgo Security Services, Kajima Corp, Takenaka Corp and Obayashi Corp.

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LHN hits all-time intraday high of S$0.46 after fundraising announcement

Singapore Business Times (companies-markets): LHN hits all-time intraday high of S$0.46 after fundraising announcement SHARES of LHN rose to an all-time high on Friday morning after the Catalist-listed property group announced plans to raise S$2.2 million through a private placement.

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CapitaLand sets up S$50m innovation fund to drive sustainability efforts

Singapore Business Times (companies-markets): CapitaLand sets up S$50m innovation fund to drive sustainability efforts PROPERTY player CapitaLand has set up an innovation fund with a S$50 million commitment over five years, to support the testbedding of sustainability and other high-tech innovations in the built-environment space.

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Isetan appoints agent to assess buyer interest for Wisma Atria space

Singapore Business Times (companies-markets): Isetan appoints agent to assess buyer interest for Wisma Atria space ISETAN (Singapore) has appointed Savills as marketing agent to size up interest to purchase its space at the Wisma Atria shopping mall on Orchard Road, as well as to commence exploratory discussions with third parties on the matter.

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Bayfront Infrastructure Management prices US$401m infrastructure asset-backed securities

Singapore Business Times (banking-finance news): Bayfront Infrastructure Management prices US$401m infrastructure asset-backed securities INFRASTRUCTURE financing platform Bayfront Infrastructure Management has priced US$401 million in infrastructure asset-backed securities, almost half of which are sustainable green or social assets.

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LHN to raise S$2.2m in private placement of up to 6.5m new shares

Singapore Business Times (companies-markets): LHN to raise S$2.2m in private placement of up to 6.5m new shares DUAL-LISTED property player LHN on Friday announced that it will raise a total of S$2.2 million from placing out up to 6.5 million new shares, at 33.51 Singapore cents each, on the Catalist board of the Singapore Exchange [...]

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MC Payment controlling shareholder Ching says he lacks confidence in current board

Singapore Business Times (companies-markets): MC Payment controlling shareholder Ching says he lacks confidence in current board THE controlling shareholder of MC Payment, Ching Chiat Kwong, is asking for the removal of all but one of the company's current directors because of a "loss of confidence in the current board".

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KLK’s bid for IJM Plantations positive for shareholders of all three firms involved

Singapore Business Times (companies-markets): KLK's bid for IJM Plantations positive for shareholders of all three firms involved THERE should be smiles all round for shareholders of Kuala Lumpur Kepong (KLK), IJM Corporation and IJM Plantations (IJMP), analysts said.

By | June 10th, 2021|business news, News|Comments Off on KLK’s bid for IJM Plantations positive for shareholders of all three firms involved

VCC regime could still change to swing in the favour of single family offices

Singapore Business Times (banking-finance news): VCC regime could still change to swing in the favour of single family offices A REVIEW of the potential changes to the variable capital company or VCC framework is still underway, even as the spectre of the Archegos blowup continues to hang over the financial industry and raise questions on [...]

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