Shun Tak

Perennial Real Estate Holdings Limited (Perennial) has divested its entire 30% stake in Perennial Somerset Investors Pte. Ltd (PSIPL) to its 70% shareholder, Simply Swift Limited, for a total consideration of $155.1 million.

SINGAPORE (Jan 4): DBS Vickers Securities is reiterating its “buy” on Perennial Real Estate Holdings with a $1.05 price target given the research house is positive on its medium- to long-term development plans.