stapled securities

CDL Hospitality Trusts reports 4.8% lower 3Q DPS of 2.18 cents amid ongoing asset enhancements

SINGAPORE (Oct 31): The managers of CDL Hospitality Trusts (CDL HT) have declared a distribution per stapled security (DPS) of 2.18 cents for 3Q18, down 4.8% from 2.29 cents a year ago in the absence of contributions from divested and temporarily closed properties.

CDL HT is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT) and CDL Hospitality Business Trust (HBT).

SingHaiyi and Tangs take 9.9% stake in Cromwell Property for $172.4 mil

SINGAPORE (Dec 11): SingHaiyi Group and Haiyi Holdings have jointly subscribed to 175.1 million units of stapled securities or a 9.9% stake in Australia-listed Cromwell Property Group for A$169.6 million ($172.4 million).

Haiyi Holdings is a wholly-owned by SingHaiyi's controlling shareholders Gordon and Celine Tang.

Each stapled security comprises one ordinary share in Cromwell Corporation stapled to one unit in Cromwell Diversified Property Trust.

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