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Consortium to buy BreadTalk building in $118m leaseback

The Straits Times Consortium to buy BreadTalk building in $118m leaseback The BreadTalk IHQ Building in Tai Seng has a gross floor area of 248,902 sq ft.PHOTO: SCREENGRAB FROM GOOGLE MAPS PublishedJan 17, 2021, 5:00 am SGT https://str.sg/JzMa They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

Lian Beng-led consortium buys BreadTalk building in S$118 million sale and leaseback

Lian Beng s half-time net profit falls 5 2% to $17 6 million

SINGAPORE (THE BUSINESS TIMES) - The financials of Mainboard-listed property player Lian Beng Group took a hit in the first half-year, as Covid-19 restrictions hammered the construction segment.. Read more at straitstimes.com.

Oxley Raises Convertible Debt From Dignari Capital Partners

Mingtiandi Username The Novotel and Mercure Hotels on Singapore’s Stevens Road remain in Oxley’s portfolio after a failed sale Debt-saddled Oxley Holdings on Thursday announced a S$106.4 million ($80 million) investment in the Singapore developer by Hong Kong-based Dignari Capital Partners (DCP), in the form of convertible notes. The notes carry annual interest of 4.5 percent, paid semi-annually, with a maturity of 24 months and an option to extend the maturity by a further 12 months, Oxley said in a release. In what amounts to a stake sale, the notes can be converted into shares of the SGX-listed company at a roughly 15 percent premium to the volume weighted average price per share 10 trading days prior to the date of the agreement, 6 January 2021.

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