CEO

Mapletree Industrial Trust acquires 29 data centres in the US for US$1.3 bil - THE EDGE SINGAPORE

REITs

Mapletree Industrial Trust acquires 29 data centres in the US for US$1.3 bil

Mapletree Industrial Trust (MINT) has entered into a sale and purchase agreement to acquire 29 data centres in the US for a purchase consideration of US$1.32 billion ($1.78 billion).

PropNex expands to Cambodia, boosting salesforce to 12,000 - THE EDGE SINGAPORE

Property

PropNex expands to Cambodia, boosting salesforce to 12,000

Photo: PropNex

PropNex has announced its regional expansion into Cambodia, its fourth overseas market following Malaysia, Indonesia and Vietnam.

Prime US REIT reports 'stable' distributable income of US$18 mil for 1Q21 - THE EDGE SINGAPORE

Results

Prime US REIT reports 'stable' distributable income of US$18 mil for 1Q21

The manager of Prime US REIT has reported distributable income of US$17.6 million ($23.5 million) for the 1QFY2021 ended March, a 1.2% y-o-y dip from US$17.8 million the previous year.

TEE International to raise $3.8 million via private placement of 129 mil new shares - THE EDGE SINGAPORE

Equity raising

TEE International to raise $3.8 million via private placement of 129 mil new shares

TEE International has announced a private placement of 129 million new ordinary shares in the company at 3 cents per share, amounting to a total of $3.9 million in proceeds.

ESR-REIT completes 10% acquisition of ESR Australia Logistics Partnership for A$60.5 mil - THE EDGE SINGAPORE

REITs

ESR-REIT completes 10% acquisition of ESR Australia Logistics Partnership for A$60.5 mil

ESR-REIT, on May 14, announced that it has completed the acquisition of the 10% stake in ESR Australia Logistics Partnership (EALP) by RBC Investor Services Trust Singapore for a purchase considera

Singtel expects to include net exceptional losses of $839 mil and $1.21 bil for 2H21 and FY21 - THE EDGE SINGAPORE

Results

Singtel expects to include net exceptional losses of $839 mil and $1.21 bil for 2H21 and FY21

Singapore Telecommunications (Singtel) announced on May 14, that it expects to include net exceptional losses of $839 million and $1.21 billion for the 2HFY2021 and FY2021 ended March respectively.

PropNex earnings for 1Q21 nearly doubles to $15 mil on better transaction volume - THE EDGE SINGAPORE

Results

PropNex earnings for 1Q21 nearly doubles to $15 mil on better transaction volume

Real estate agency PropNex has posted earnings of $14.8 million for the 1QFY2021 ended March, almost double the $7.6 million recorded the year before.

Riverstone Holdings posts 1,021.7% jump in 1QFY21 earnings - THE EDGE SINGAPORE

Results

Riverstone Holdings posts 1,021.7% jump in 1QFY21 earnings

Glovemaker Riverstone Holdings has reported earnings of RM522.7 million for the three months ended March 2021, up 1,021.7% y-o-y.  Revenue in the same period was RM1,032.3 million up 269.5% y-o-y,

BioNTech to open regional HQ and vaccine manufacturing facility in Singapore - THE EDGE SINGAPORE

Company in the news

BioNTech to open regional HQ and vaccine manufacturing facility in Singapore

German biotech company BioNTech plans to establish regional headquarters for Southeast Asia in Singapore.

FLCT declares 9.5% higher DPU of 3.8 cents for 1H21 - THE EDGE SINGAPORE

Results

FLCT declares 9.5% higher DPU of 3.8 cents for 1H21

Frasers Logistics &Commercial Trust (FLCT) reported a distribution per unit (DPU) of 3.8 cents for the 1HFY2021 ended March, 9.5% higher y-o-y from 3.47 cents previously.

×