divestment

Broker's Calls

Opportune time to accumulate CRCT on dip, analysts say

SINGAPORE (Feb 10): Since Jan 24, units in CapitaLand Retail China Trust (CRCT) has shed some 9.09% or 15 cents to trade at $1.51 on Monday morning.

Company in the news

Ascott REIT divests entire stake in Somerset West Lake Hanoi for $13.7 mil

SINGAPORE (Oct 31): Ascott Residence Trust (Ascott REIT) has divested its entire stake in The Ascott (Vietnam) Investments for a total consideration of US$10 million ($13.7 million).

M&A

Chip Eng Seng to acquire Sembcorp Industries' commercial construction unit for $49.9 mil

SINGAPORE (Oct 2): Chip Eng Seng Corporation (CES) is acquiring Sembcorp Industries’ (SCI) commercial construction business unit for $49.9 million, both Mainboard-listed companies announced in sepa

Property

Keppel REIT selling Bugis Junction Towers for $547.5 mil

SINGAPORE (Oct 1): Keppel REIT is divesting its strata ownership of Bugis Junction Towers, which it has held since its listing in 2006, for a sale price of $547.5 million.

Property

CapitaLand divests entire stake in Chongqing property for $19.6 mil

SINGAPORE (Aug 29): Property group CapitaLand is divesting Somerset Jiefangbei Chongqing in China.

M&A

FLT divests 50% interest in Queensland property for A$134.2 mil

SINGAPORE (June 13): The manager of Frasers Logistics & Industrial Trust (FLT) announced that it has through its wholly-owned sub-trust, divested 50% of its interest in the property at 99 Sands

Property

CapitaLand injects two Shanghai office buildings to discretionary equity fund as seed assets

SINGAPORE (May 24): CapitaLand is injecting two prime Shanghai office buildings into CapitaLand Asia Partners I – the group’s

Property

Frasers Logistics Trust partially divesting Australian asset for A$15 mil; seeks buyer for remaining components

SINGAPORE (May 16): The manager of Frasers Logistics & Industrial Trust (FLT) says it is divesting the warehouse and hardstand components of 610 Heatherton Road in Victoria, Australia, to Mack

MapletreeLog Trust divests 5 Japan properties for $213 mil

SINGAPORE (Apr 10): Mapletree Logistics Trust (MLT) has divested five properties in Japan to Godo Kaisha T&C for a total sale consideration of JPY 12.5 billion ($213.3 million) in cash.

Property

Soilbuild REIT disposes 72 Loyang Way asset for $34.1 mil with remaining lease of 19 years

SINGAPORE (Mar 21): Soilbuild Business Space REIT (Soilbuild REIT) has agreed to sell its industrial property at 72 Loyang Way, and all of its mechanical electrical equipment, to Kim Hock Enterpris

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