The Hour Glass

Across time and space - THE EDGE SINGAPORE

Things to do

Across time and space

This week, we look at culinary and cultural delights from different historical periods, both here and abroad

FOOD

Sector Focus

Physical stores show recovery amid sale season; retailers move online

The push towards digitalisation is ever so evident within the retail industry.

Global Economy

Briefs

Quoteworthy: "You've waited 20 years, extending six months doesn't actually matter." — Malaysia's Anwar Ibrahim, on waiting beyond the initially agreed May deadline to ta

The Hour Glass to acquire 2 New Zealand office buildings for $54 mil

Property

The Hour Glass to acquire 2 New Zealand office buildings for $54 mil

SINGAPORE (Jan 22): Luxury watch retailer The Hour Glass has entered into sale and purchase agreements to acquire two office buildings along Queen Street in Auckland, New Zealand, for a total consi

Family business

Patek Philippe generations

(Sept 2): “In 2018, I travelled to Geneva to celebrate Philippe’s 80th birthday. It was just the two of us. When we posed for this picture (below), he turned to me and said, ‘Woah Henry.

Markets

Singapore braces for delistings to continue even after rule fix

(July 25): Singapore’s stock market has seen on average two companies a month on track to relinquish their listing status this year. This trend may not be reversing anytime soon.

Hour Glass to acquire Brisbane property for $30 mil

Property

Hour Glass to acquire Brisbane property for $30 mil

SINGAPORE (July 4): Luxury watch retailer The Hour Glass announced Thursday that its Australian subsidiary has entered into a sale and purchase agreement to acquire a freehold building at 190 Edwar

Buybacks

Henry Tay of The Hour Glass transfers shares to son Michael

SINGAPORE (June 24): Henry Tay, executive chairman of The Hour Glass, has transferred 25 million shares to his son, managing director Michael Tay.

Results

Hour Glass posts 41% jump in FY19 earnings to $70.4 mil; recommends 3.00 cents per share dividend

SINGAPORE (May 28): Luxury watch retailer The Hour Glass saw its full-year earnings climb 41% to $70.4 million for the FY19 ended March, from $49.8 million a year ago.

Corporate moves

Henry Tay of The Hour Glass buys shares; price hits year-high amid earnings growth

SINGAPORE (Apr 29): Dr Henry Tay Yun Chwan, executive chairman of watch retailer The Hour Glass, bought 0.5 million shares via an off-market deal on April 3.

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