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divestment
Broker's Calls
RHB and DBS maintain ‘buy’ calls on CICT following its divestment of 21 Collyer Quay
CICT announced that it divested the office building for $688 million on Nov 12.
16 days ago
Company in the news
Keppel’s subsidiary divests 70% stake in Saigon Sports City for up to $391.1 mil
Shares in Keppel closed 1 cent higher or 0.15% up at $6.63 on Sept 30.
September 30, 2024
Property
Manulife US REIT divests Capitol for US$117 mil, 2025 debt maturities to be fully repaid post-transaction
The REIT's pro forma aggregate leverage will improve to 54.2% from 56.3%.
September 30, 2024
Company in the news
Sanli Environmental's subsidiary sells leasehold property for $5.28 mil
This sale will result in a positive cash flow of $5.22 mil, which the group will use for general working capital requirements of the group, a release notes.
September 24, 2024
Property
MLT to divest three Malaysian properties for RM157.5 mil
The proposed divestments are expected to be completed by FY2024 / FY2025.
September 10, 2024
REIT Watch
ESR-LOGOS REIT divests 81 Tuas Bay Drive for $35 mil
The consideration represents a premium of 16.7% above the property’s valuation of $30 million as at Aug 16.
August 29, 2024
Markets
79% of APAC company executives expect to make two or more divestments in next 18 months: Deloitte
Companies are increasing scrutiny of their portfolio holdings to capitalise on growth opportunities.
July 15, 2024
REITs
Paragon REIT to divest The Rail Mall for $78.5 mil
Paragon REIT is divesting The Rail Mall for $78.5 million.
June 20, 2024
Company in the news
Singtel denies impending sale of Optus
Singtel has refuted claims of selling Optus; plan to remain in Australia for the long-term.
March 13, 2024
Company in the news
Singtel unlocks $0.95 billion from divestment of a 0.8% direct stake in Airtel
Singtel divests a further 0.8% stake in Airtel to unlock more value.
March 07, 2024