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Sale of Ascott Raffles Place in line with 'legal and regulatory rules'

Ascott Reit manager says the final price reflects the highest offer received during its marketing exercise

Published Tue, Jan 22, 2019 · 09:50 PM

Singapore

ASCOTT Reit's manager said on Monday evening that the sale price of S$353.3 million for the recently divested Ascott Raffles Place reflects the highest offer received during its marketing exercise.

The building had been sold to private investor and developer Cheong Sim Lam, an unrelated third party, on Jan 9. The Reit last year received uns…

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Companies & Markets

Companies & Markets

Sale of Ascott Raffles Place in line with 'legal and regulatory rules'

Companies & Markets

Tesla cuts US prices by US$2,000 as sales slow, inventories swell

Volkswagen workers vote decisively to unionise in Tennessee

Sony deal for Paramount would draw added regulatory scrutiny

Bitcoin 'halving' has taken place: CoinGecko

Lululemon to shutter Washington distribution center, lay off 128 employees

Wall Street bonus rules return to regulatory agenda in third try

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