Chinese tycoon becomes substantial unitholder in OUE Commercial Reit
Add BT as a preferred sourceCHINESE tycoon Gordon Tang has emerged as a substantial shareholder in OUE Commercial Reit.
Mr Tang, who heads property developer Singhaiyi Group, now owns 7.68 per cent of OUE Commercial Reit, a regulatory filing on Friday showed. This is up from 4.88 per cent.
The raised stake followed a private placement by the Reit.
A 2014 Reuters report said Mr Tang was a cornerstone investor in OUE Commercial Reit when it was listed.
Share with us your feedback on BT's products and services
TRENDING NOW
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
Singapore banks’ battle for wealth talent goes beyond private bankers
Car dealer charged in S$1.1 million tax evasion case involving Porsches, Ferraris, Rolls-Royces
Vietnam’s island megaproject races towards Apec deadline, but demand test looms
