Perennial Real ­Estate Holdings (PREH)

Chip Eng Seng to acquire minority interest in 8 Shenton Way for $2.13 mil - THE EDGE SINGAPORE

Property

Chip Eng Seng to acquire minority interest in 8 Shenton Way for $2.13 mil

The proposed acquisition is said to allow Chip Eng Seng to acquire a meaningful stake in a prime real estate site in the CBD

Broker's Calls

938 Brokers' Digest

Here are three stocks to watch for the week: Koufu Group, ARA LOGOS Logistics Trust and Perennial Real ­Estate Holdings

Company in the news

Perennial's controlling shareholders launch privatisation offer at 95 cents per share

HOPU will fund the balance 17.57% of shares to be acquired from the minority shareholders

Debt and defaults

Debt danger lurks in Covid-19 shadow

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

Broker's Calls

Perennial poised to thrive on divestment of AXA Tower despite bleak economic outlook: DBS

Analysts at DBS Group Research say the partnership marks a win not just for Perennial, but also Alibaba Singapore and the broader local office market.

Contracts

Alibaba buys 50% stake in AXA Tower, assumes 50% of loan

A consortium of investors led by Singapore-listed Perennial Real Estate Holdings announced on May 6 that they are selling a 50% stake in AXA Tower and transferring 50% of the outstanding loan to Alibaba Singapore.

Contracts

Alibaba buys 50% stake in AXA Tower, assumes 50% of the loan

A consortium of investors led by Singapore-listed Perennial Real Estate Holdings announced on May 6 that they are selling a 50% stake in AXA Tower for and transferring 50% of the outstanding loan, to Alibaba Singapore.

Stocks To Watch

Yanlord's offer for UE is not priced to attract acceptances — but what if it does?

SINGAPORE (Nov 4): On Oct 25, Yanlord Land Group announced that it had acquired the 51% in Yanlord-Perennial Investment (Singapore) that it did not own and renamed the company Yanlord Investment (Singapore). Of this 51%, 45% belonged to Perennial Real ­E
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