Business
Keppel’s special dividend yet to include divestment of billion-dollar sale of M1
Keppel’s proposed special dividend of S$0.13 per share helped push the company’s shares up over 6 per cent in a single day. The special…
Tag
divestment
Business
Thakral’s profit triples to S$19.5 million on divestment of Osaka property
Investment and lifestyle group Thakral Corporation’s net profit more than tripled to S$19.5 million for the third quarter ended Sep 30, up…
Business
Mapletree Industrial Trust Q2 DPU down 5.6% on absence of divestment gains, lower occupancy
The trust also had reduced income following the divestment of three Singapore industrial properties in August 2025 Mapletree Industrial…
Business
Keppel Infrastructure Trust 9-month distributable income up 59.2% at S$168.9 million on divestment gains
Keppel Infrastructure Trust on Tuesday (Oct 28) reported a distributable income of S$168.9 million for its first nine months of 2025, up…
Business
Keppel Infrastructure Trust 9M distributable income up 59.2% at S$168.9 million on divestment gains
Keppel Infrastructure Trust on Tuesday (Oct 28) reported a distributable income of S$168.9 million for its first nine months of 2025, up…
Business
Keppel Asia Infrastructure Fund leads divestment of 800 Super at over S$600 million
The sale is expected to be completed before the end of the year, and is subject to approval from the relevant regulators The…
Business
Hongkong Land shares jump 12% on S$738.7 million MCL Land divestment
This follows its move to sell its Singapore and Malaysia property arm to Malaysian conglomerate Sunway Group Shares of Hongkong Land…
Business
Hongkong Land shares soar 12% to six-year high on S$738.7 million MCL Land divestment
It is selling its Singapore and Malaysia residential property arm to Malaysian conglomerate Sunway Group as it exits the residential…
Business
Hongkong Land closes 1.2% higher on S$738.7 million MCL Land divestment
It is selling its Singapore and Malaysia residential property arm to Malaysian conglomerate Sunway Group as it exits the residential…
Business
Analysts downgrade SingPost on lack of clarity on strategy and growth post-Australia divestment
OCBC Investment Research and Maybank Securities analysts have downgraded their calls on local postal service provider Singapore Post…
Business
CapitaLand Ascendas Reit proposes S$329 million divestment of five Singapore properties
The manager of CapitaLand Ascendas Reit (Clar) announced on Monday (Aug 18) the proposed divestments of five Singapore properties. These…
Business
Prime US Reit H1 DPU falls by 33.3% to US$0.0012 on the back of higher finance expenses, asset divestment
Prime US Real Estate Investment Trust (Reit) on Tuesday (Aug 12) posted a 33.3 per cent decline in its distribution per unit (DPU) for the…
Business
Prime US Reit H1 DPU falls by 33.3% to US$0.0012 due to higher finance expenses, asset divestment
Prime US Real Estate Investment Trust (Reit) on Tuesday (Aug 12) posted a 33.3 per cent decline in its distribution per unit (DPU) for the…
Business
Keppel proposes M1 telco divestment to Simba Telecom for S$1.4 billion
Keppel announced on Monday (Aug 11) its proposed divestment of M1’s telco business to Simba Telecom for an enterprise value (EV) of around…
Business
Keppel shares up 6.1% on H1 earnings growth, share buyback and asset divestment plans
Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager posted a 24.2 per cent rise in H1 earnings, a S$500 million…
Business
Keppel shares up 6.8% on H1 earnings growth, share buyback and asset divestment plans
Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager posted a 24.2 per cent rise in H1 earnings, a S$500 million…
Business
Keppel shares hit 6-year high on H1 earnings growth, share buyback and asset divestment plans
Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager posted a 24.2 per cent rise in H1 earnings, a S$500 million…
Business
MPACT Q1 DPU falls 3.8% to S$0.0201 on lower contributions, divestment of Mapletree Anson
The manager of Mapletree Pan Asia Commercial Trust (MPACT) on Wednesday (Jul 30) reported a 3.8 per cent fall in distribution per unit…
Business
CapitaLand China Trust to raise 748 million yuan via divestment for C-Reit listing
CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the…
Business
YZJ Financial falls 10% after announcement of divestment of entire treasury shareholding
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
SingPost up 7.7% after divestment of Australian logistics business
Shares of Singapore Post (SingPost) surged on Friday (Mar 28) morning, one day after the company announced the completion of the sale of…
Business
Blackstone in talks to sell China logistics assets in divestment
BLACKSTONE is in advanced talks to sell three logistics projects in China to Ping An Insurance (Group), according to sources familiar with…
Business
Manulife US Reit to post FY2024 loss as its portfolio value falls 9.3%; divestment talks continue
THE portfolio value of Manulife US Real Estate Investment Trust (MUST) as at Dec 31, 2024 fell 9.3 per cent or US$116.6 million to US$1.1…