asset sales

Oceanus expects to book a $10.5 mil gain from the sale of its aquaculture farm in China.

(Oct 4): Singapore’s Lee Rubber Co, which has in the past five years sold assets in Penang, Kuala Lumpur and Johor, is seeking to dispose of its freehold land in Rawang, Selangor, for as much as RM40 million ($12.9 million).

SINGAPORE (March 23): DBS Vickers Securities is positive on Vibrant Group’s recent asset sale transaction, but thinks the logistics firm still lacks the cash to perform the redemption of its upcoming bond maturities.