Two firms report changes in overseas portfolios
Saizen Reit to sell Japan assets; Oxley sells over 50% of units in Phase 1 of The Peak
Singapore
TWO mainboard-listed companies - a real estate investment trust (Reit) and a property developer - have reported changes in their overseas portfolios in filings with the Singapore Exchange.
Saizen Reit will be selling all its Japanese real estate assets to Triangle TMK for 44.7 billion yen (S$518.3 million), said its manager, Japan Residential Assets Manager. HSBC Institutional Trust Services (Singapore), the trustee of Saizen Reit, accepted the offer on Saturday, it said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
South Korea’s probe alleges 211.2 billion won of illegal short trades
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami
Philippine central bank tightens dirty money risk reporting rule
It is time to put idle cash back into the market
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%