Top Global

Markets

Hong Kong formally withdraws extradition bill; Singapore's GDP forecast lowered

SINGAPORE (Sept 9): After 13 long weeks of protests in Hong Kong, an end to the political crisis in the Special Administrative Region may be in sight. On Sept 4, the city’s embattled leader Carrie Lam formally announced the withdrawal of the extradition

M&A

Top Global to acquire 43 units in Thong Teck Building for $170 mil

SINGAPORE (Sept 2): Top Global, the property developer and hospitality and facility manager, will acquire 23 freehold commercial strata-titled lots with 43 property addresses in Thong Teck Building at 15 Scotts Road.  

Top Global to acquire Holland Village property for $13 mil

SINGAPORE (Aug 28): Top Global’s wholly-owned subsidiary, Holland V Investment Holdings, on Tuesday exercised an option to purchase a property off Holland Road for $13 million.

Results

Top Global sinks into the red in 1Q

SINGAPORE (Apr 30): Top Global reversed into the red in the first quarter, reporting a loss of $203,000 compared to earnings of $327,000.

Results

Top Global swings out of the red in 4Q on revenue surge

SINGAPORE (Mar 2): Top Global reversed out of the red with earnings of $1.4 million in the 4Q ended December, compared to losses of $11.3 million in the corresponding quarter last year.

Property

Top Global to acquire additional 32.5% stake in hostel chain for $800,000

SINGAPORE (Dec 11): Top Global’s wholly-owned subsidiary Top Global Hospitality has entered into a sale and purchase agreement to acquire an additional 32.5% stake in hostel chain 5Footway Founders for $800,000.

Property

Top Global to acquire South Bridge Road shophouse for $26.5 mil

SINGAPORE (Nov 6): Top Global says wholly-owned subsidiary Holland V Investment is seeking to acquire a three-storey conservation commercial shophouse with attic around Chinatown for $26.5 million.

Top Global acquires unit at Tong Building for $24.9 mil

SINGAPORE (Oct 3): Top Global is acquiring an office unit at Tong Building for $24.9 million.

Results

Top Global swings back to black in 1Q

SINGAPORE (May 8): Top Global, the property developer and hospitality and facility manager, swung back into the black in 1Q with earnings of $0.3 million compared to a loss of $0.9 million a year ago.

Unwinding property curbs gives Singapore developers new headache

SINGAPORE (April 3): Singapore’s recent unwinding of some property curbs, which initially appeared to boost prospects for developers, may instead be creating new problems.
×