CWG International

CWG International to proceed with delisting after public float falls below 10%

SINGAPORE (Feb 7): The consortium led by CWG International's co-founder will go ahead to delist the company after garnering a 90.19% stake in the property  group.

Property

CWG International buys Hangzhou land for $234 mil

SINGAPORE (Jan 15): CWG International continues to build up its land bank in China.

M&A

CWG co-founder leads consortium in 19.5 cents offer for all its shares; plans to delist, privatise company

SINGAPORE (Dec 29): Qian Jianrong, the co-founder, executive chairman, and chief executive officer of CWG International, is leading a consortium to make a voluntary conditional cash offer for shares in the SGX-listed real estate group, with the intention

CWG unit to sell plot of land in Sydney for $40.6 mil

SINGAPORE (Dec 13): CWG International’s 95.8%-owned subsidiary, Bluesky Parramatta, is selling a plot of land in Sydney, Australia to Parkes 88 for A$40 million ($40.6 million).

Results

CWG's 3Q losses narrow to $5 mil on higher revenue

SINGAPORE (Nov 13): Property developer CWG International saw 3Q losses narrow to RMB25 million ($5 million) from RMB53.3 million a year ago on a surge in revenue over the quarter.

M&A

CWG acquires Suzhou land and remaining 30% stake in land owner

SINGAPORE (Aug 21): CWG International, the developer formerly known as Chiwayland International, says its subsidiary put in a successful bid for the land use rights of a land parcel in China.

Results

CWG losses narrow to $7.8 mil in 1H

SINGAPORE (Aug 7): CWG International, formerly known as Chiwayland International, reported losses for the 1H17 ended June narrowed to RMB 38.8 million ($7.8 million) from losses of RM 54.1 million a year ago.

CWG International acquires land in Anhui economic zone for $22 mil

SINGAPORE (July 11): CWG International, the former Chiwayland International, has acquired a parcel of land in Anhui, China.

CWG buys land near Suzhou Ferris wheel themepark to build mixed development

SINGAPORE (March 30): CWG International, the developer formerly known as Chiwayland International, has acquired a 60% stake in Suzhou Xinglun Tourism, formerly called Suzhou Industrial Park Business Travel Tourism Industry, for RMB197.18 million ($40 mill

Broker's Calls

Unrated CWG could be on the way to a turnaround

SINGAPORE (Jan 11): RHB on Wednesday reports that CWG International, formerly known as Chiwayland International, could be on the way to a turnaround.
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