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divestment
REITs
UHREIT completes divestment of Albany-Supermarket for US$23.8 mil
The manager of UHREIT notes that the divestment is in-line with its pro-active portfolio management strategy to maximise the operational performance of assets and capitalise on opportunities.
20 hours ago
REITs
Purchaser exercises call option to divest Paragon REIT’s Figtree Grove
The purchaser, an unrelated party, has paid a deposit of A$9.6 million to Figtree Trust.
3 days ago
M&A
Oceanus disposes aquaculture farms in China for $19.2 mil
Oceanus expects to book a $10.5 mil gain from the sale of its aquaculture farm in China.
25 days ago
REITs
OUE REIT to divest Lippo Plaza Shanghai for $357.4 mil; all remaining assets in Singapore
The proposed divestment is expected to be completed by the end of 2024.
28 days ago
Company in the news
Wee Hur to divest PBSA portfolio for A$1.6 bil
Following the transaction, Wee Hur is set to retain a 13% stake through its subsidiary, Wee Hur (Australia).
December 16, 2024
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.
November 12, 2024
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