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Home / Capital / Print Week

SPH opts for higher-yielding properties; PREH to report 1QFY2019 loss as cash flow remains in the red

In print this week

SPH opts for higher-yielding properties; PREH to report 1QFY2019 loss as cash flow remains in the red

Goola Warden Published on Mon, May 06, 2019 / 7:30 AM GMT+8

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SINGAPORE (May 6): On April 22, Singapore Press Holdings announced it had entered into an agreement to sell its stake in the retail podium and four office strata units (Chinatown Point mall) at the Chinatown Point integrated development in Singapore’s Chinatown. The media behemoth, which is transforming into a property investment company, owns the stake through its 30.68%-held associate, Perennial Chinatown Point (PCP) and various other entities.

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