KSH Holdings

The partners, through their JVCos, have also entered into a facility agreement with several banks for a loan of $835.7 million.

The company plans to pay an interim dividend of a cent per share, representing a payout ratio of 55.9%.

Park View Mansions was launched for collective sale by public tender on June 20 with an asking price of $260 million.

The property will be redeveloped into a new residential development with around 172 residential units.

The offer price of $650.0 million was made on Dec 2 by way of a private treaty, and was accepted on Dec 3.

The group will announce its results for the FY2021 on or before May 28.

The project will boost KSH’s order book to over $615 mil.

Property stocks have strengthened, led by UIC initially, then UOL and now Ho Bee Land. Small cap developers could follow.

SINGAPORE (Nov 12): KSH Holdings reported 2Q20 ended Sept earnings of nearly $6 million compared to $1.8 million a year ago amid higher development sales and share of results of associates and joint ventures.

SINGAPORE (June 3): OCBC Investment Research is ceasing coverage on KSH Holdings, citing “reallocation to resources” after the construction group’s latest set of financial results missed expectations on the back of poorer-than-expected margins.