You are here

Acquisition in the offing for Centurion, say analysts

The dorm builder's financials hint at it. Meanwhile, its CEO rules out immediate plan for a Reit spin-off

Centurion Corporation's CEO Kong Chee Min said that the dormitory developer's strong cash flow is for expansion


CENTURION Corporation looks likely to be making an acquisition soon, analysts at its results briefing surmised, citing its strong cash flow with no imminent debt due and its S$65 million medium term note (MTN) issuance last month without a clear use for the money.