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interested person transaction (IPT)
Company in the news
BRC Asia disposes of stake in Pristine Islands in IPT
E Street Capital will pay BRC Asia US$1.3 million ($1.8 million) for the shares and US$12.7 million for the sale loan.
January 02, 2024
REITs
CLINT proposes to acquire International Tech Park Pune from CLI subsidiary and JV partner for $221.9 mil
The total sale consideration represents a premium of around 9% to CLI’s valuation of the tech park in December 2021.
December 29, 2022
Property
Yoma Strategic Holdings to sell land of StarCity project to Yoma Bank for US$40 mil
The transaction is considered an IPT based on SGX’s listing rules.
December 27, 2022
Company in the news
Alset International proposes to dispose stake in American Home REIT for US$26.3 mil in IPT
The disposal will result in a loss of US$1.2 million on a fully diluted basis.
December 12, 2022
REITs
CLAS enters into IPTs including the renewal of serviced residence management agreements
As at Oct 3, the total value of all the IPTs entered into between CLAS, CLI and its subsidiaries is at $520.4 million.
October 03, 2022
REITs
EC World REIT to divest indirect interests in Bei Gang Logistics and Chongxian Port Logistics for $276.0 mil
The divestment is expected to unlock value and reduce the REIT’s gearing.
October 03, 2022
Equity raising
Adventus Holdings enters into loan agreement with interested person
Of the total loan amount, 60%-70% will go towards repaying the company's bank borrowings.
September 21, 2022
Property
Aspen sells two units in Beacon Executive Suites for $410,110 in IPT
According to Aspen Group, the sale price is based on the same amount that’s being offered to the public.
September 15, 2022
Offer
Memories Group seeks voluntary delisting; 4.7 cent cash offer made to shareholders
Shareholders may also opt for new shares in the capital of the offeror in lieu of cash.
September 13, 2022
Property
KOP subsidiary sells two units in Dalvey Haus for $11.7 mil as an IPT
The consideration will be paid in cash.
September 08, 2022