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property disposal
Property
Far East Group subsidiary proposes property disposal for RM2.4 mil
Given the purchase consideration, Far East Group’s gain on disposal stands at approximately $606,000.
10 days ago
Property
MYP’s shares surge after property disposal news
The company’s subsidiary granted its buyer an option to purchase the St. Regis Residences unit for $6.1 mil.
April 09, 2024
Company in the news
Kingsmen Creatives subsidiary proposes property disposal for $3 mil net gain
K-Fix Production has proposed the disposal of its property in Johor, Malaysia for a purchase consideration of RM46 million.
March 11, 2024
Property
Hiap Hoe disposes Four Points by Sheraton, Melbourne Docklands for A$96 mil
The proceeds will be used for repayment of the company’s bank borrowings and for working capital use.
February 05, 2024
Property
Stamford Tyres sells unit at North Link Building for $1.7 mil
The consideration represents a premium of 1.2 times the property's net book value of $1.38 million as at April 30.
December 20, 2023
Company in the news
SUTL proposes disposal of Johor Bahru property for RM11.5 mil
The property was intended for the operation of Puteri Harbour Club which had its membership scheme scrapped in Feb 2022.
November 20, 2023
Property
Noel Gifts to sell units at 50 Playfair Road
The group owns 10 units in the building under its property investment business segment.
September 25, 2023
Company in the news
Sanli Environmental to consolidate operations at newly acquired 22 Chin Bee Drive
The company aims to streamline its corporate office and workshops while providing a centralised staff accommodation solution.
September 15, 2023
Property
Thakral nets $1.7 mil after divesting Osaka hotel
The group is also in the process of offloading two office buildings in Osaka. They are expected to be put on sale by September.
August 28, 2023
Property
GSH sells office units in Cecil Street for $38.8 mil
Based on GSH's accounts for the FY2022 ended Dec 31, 2022, the property’s book value stood at $27.1 million.
July 12, 2023