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divestment
REITs
EC World REIT's sponsor to fund REIT to pay its lenders a portion of the mandatory repayment by Dec 31
Should the REIT and lenders fail to agree on a debt repayment plan by Dec 31, it would trigger an event of default.
December 27, 2022
Property
Keppel Land to divest entire stake in Shanghai Fengwo Apartment Management Co Ltd for $151 mil
Keppel Land would have had an estimated gain on disposal of RMB135 million upon the completion of the divestment.
December 20, 2022
REITs
EC World REIT issues responses to investor questions ahead of Dec 16 EGM
This EGM is for unitholders to vote on the proposed divestment of two properties, so as to allow the REIT to pay off debt.
December 09, 2022
Property
Thakral divests Hotel WBF Namba Motomachi in Osaka, Japan
The consideration was said to be about 2% lower than its original acquisition cost
August 31, 2022
Company in the news
Singtel reports stronger 1Q results; expects higher dividends from asset recycling initiatives
It has been a good week for Singtel and analysts are upbeat on its prospects.
August 25, 2022
Telecommunications
Singtel to net US$197 mil after selling stake in Amobee to Tremor International
The divestment is expected to be completed by September.
July 26, 2022
M&A
First REIT divests Siloam Hospitals Surabaya for $40.9 mil
First REIT divests Siloam Hospitals Surabaya for $40.9 mil
May 19, 2022
REITs
CapitaLand Investment divests 79 Robinson Road to CICT and COREF for $1.26 bil
CapitaLand Investment divests 79 Robinson Road to CICT and COREF for $1.26 bil
March 25, 2022
Aviation & Engineering
Keppel T&T divests entire stake in Asia Airfreight Terminal Company to SATS for $35.8 mil
As at Dec 31, 2021, the book value and net tangible asset value of the sale shares stood at HK$199.4 million or $34.5 million.
February 23, 2022
M&A
MIT divests 19 Changi South Street 1 for $13 mil
Mapletree Industrial Trust divests light industrial building in Changi for $13 mil.
December 23, 2021