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A CONSORTIUM led by mainboard-listed Lian Beng Group will buy the BreadTalk IHQ Building in Tai Seng in a S$118 million sale-and-leaseback deal. Read more at The Business Times. ....
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. ....
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. ....
Stocks to watch: CapitaLand, Hi-P, GHY Culture & Media, SLB, Cromwell E-Reit businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
SLB to seek shareholder ratification for Thye Hong Centre purchase businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.