Contributions from newly acquired assets boost SPH Reit's DPU

CONTRIBUTIONS from two new malls and positive rental reversions boosted the performance of retail landlord SPH Reit, which reported a 2.1 per cent year-on-year increase in distribution per unit (DPU) to 1.46 Singapore cents for the fourth quarter ended Aug 31, 2019.

HOCK LOCK SIEW

Retail Reits should be able to weather e-commerce threat

TWO years since it made its foray into the local market, e-commerce giant Amazon has expanded its offerings with the launch of its Singapore website, which could put pressure on some retailers.

SPH Reit posts 2.1% rise in Q4 DPU to 1.46 S cents

RETAIL landlord SPH Reit on Thursday reported a 2.1 per cent rise in distribution per unit (DPU) to 1.46 Singapore cents for the fourth quarter ended Aug 31, up from 1.43 cents a year ago.

Offer for Star Pharmaceutical closes with enough acceptances for delisting

THE offer for mainboard-listed prescription drugmaker Star Pharmaceutical has closed, with its executive chairman succeeding in a bid to take it private. 

Parkson Retail's independent auditor raises going concern doubts

PARKSON Retail Asia's independent auditor has raised a "material uncertainty" about the department store operator's ability to remain as a going concern, the company announced on Monday.

Still room for co-working spaces even as WeWork IPO hits the skids, say analysts

WEWORK'S stalled initial public offering (IPO) has flagged risks in the co-working sector, though market watchers say there is still room for co-working spaces in Singapore.

ISDN's first-half earnings drop on challenging market conditions

ISDN Holdings' net profit nearly halved to S$5.55 million for the six months ended June 30, 2019, down from S$10.08 million a year ago, as revenue contributions came down amid challenging market conditions.

OUE to make S$10m loan to PT Maxx Coffee Prima

OUE's wholly-owned subsidiary, OUE Treasury, has entered into a loan agreement to advance PT Maxx Coffee Prima S$10 million for a six-month period.

ISDN Holdings posts lower 1H19 net profit of S$5.55m

ISDN Holdings' net profit nearly halved to S$5.55 million for the six months ended June 30, down from S$10.07 million a year ago.

Keppel sells stakes in Keppel Logistics (Foshan), Keppel Logistics (Hong Kong)

KEPPEL Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping for about S$39 million.

BT EXCLUSIVE

Air cargo operators fly into turbulence; Asia-Pac a drag on global numbers

THE slowing global economy and US-China trade war are weighing on Asia Pacific's air cargo market, with carriers such as Cathay Pacific and Singapore Airlines (SIA) expected to be harder hit owing to their exposure to their individual export hubs.

Serrano to conduct review, audit over allegations

CATALIST-LISTED interior designer Serrano has identified an accounting firm to perform an independent review after it was made aware of allegations of improprieties and concerns relating to transactions, businesses as well as possibly conduct of management.

SGX to launch price collars for opening, midday and closing auctions

FOLLOWING a public consultation, the Singapore Exchange (SGX) plans to introduce price collars during the securities market opening, midday and closing auction routines so as to guard against the risk of severe price dislocations during auctions, it said on Thursday.

China Jinjiang Environment changes board directors, key executives

CHINA Jinjiang Environment Holding Company on Thursday made changes to its board of directors and executive officers following the acquisition of a 29.79 per cent stake in the company by Zhejiang Energy Group.

Interior design firm Serrano orders independent review, internal audit

CATALIST-LISTED interior designer Serrano has identified an accounting firm to perform an independent review after it was made aware of allegations of improprieties and concerns relating to transactions, businesses as well as possibly conduct of management.

GuocoLand keen to grow presence in China

GUOCOLAND is keen to deepen its presence in its core market China, singling out Greater Shanghai and Chongqing as areas for potential growth.

F&N eyes market potential as it returns to Myanmar with Emerald Brewery

CONSUMER group Fraser and Neave (F&N) has commenced operations of Emerald Brewery Myanmar as it seeks to take another crack at the fast-growing market.

Braddell View's latest en bloc attempt again closes without bids

THE tender for Singapore's largest private residential site, Braddell View estate, has closed without any bids after it was relaunched for collective sale at an unchanged price of S$2.08 billion.

Braddell View en bloc tender again closes without bids

THE tender for Braddell View estate has closed without any bids after it was relaunched for collective sale at an unchanged price of S$2.08 billion.

SLB Development inks agreement to divest industrial property

SLB Development has entered into a share sale and purchase agreement to divest the entire share capital of Wellprime, its wholly-owned subsidiary which owns a property at 50 Lorong 21 Geylang for S$13.5 million.

F&N returns to Myanmar market with Emerald Brewery

CONSUMER group Fraser and Neave (F&N) has commenced operations of Emerald Brewery Myanmar, marking its return to the Myanmar beer market.

GuocoLand breaks ground for Chongqing 18 Steps project

GUOCOLAND has broken ground for the first phase of its RMB 7.5 billion yuan (S$1.45 billion) mixed-use development, Chongqing 18 Steps project, located in the Yuzhong District of Chongqing, China.

SGX RegCo urges caution when dealing in Mirach Energy shares

SINGAPORE Exchange Regulation (SGX RegCo) on Tuesday urged investors and potential investors to exercise caution when dealing in the shares of Mirach Energy, flagging that a small group of individuals was responsible for nearly 70 per cent of the buy volume of the stock over a nearly seven-month...

Trendlines gets commitments for Agrifood fund from Temasek and other investors

CATALIST-LISTED startup incubator The Trendlines Group has received conditional commitments of up to US$22 million for its new Singapore-based venture fund from investors, including Temasek.

Keppel Corp to issue S$200m in notes due 2026

KEPPEL Corporation has priced the issue of its S$200 million notes due 2026, it said on Tuesday.