Corporate digest
Add BT as a preferred sourceCDL Hospitality Trusts
CDL Hospitality Trusts (CDLHT) announced on Tuesday that it has entered into a land-purchase agreement and a development-funding agreement to invest in a build-to-rent (BTR) residential property in Manchester, United Kingdom, for a purchase consideration of £73.3 million (S$136 million).
This is in line with CDLHT's strategy to strengthen its rental income base and boost its portfolio diversification.
Olam International
AGRI-BUSINESS firm Olam International has secured US$5.2 billion worth of loans in part to support its business reorganisation plans, the mainboard-listed firm said in a Singapore Exchange filing on Tuesday evening.
The loans will be used for general corporate purposes of the Olam Group and to facilitate Olam's reorganisation plans.
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Axington
CATALIST-listed Axington's request for an extension of deadline till March 31 next year to submit a trading-resumption proposal has been granted by the Singapore Exchange (SGX), it announced on Tuesday.
The company, which does not currently have any revenue-generating business, faces delisting if it does not acquire a new business.
AEM Holdings
RUSSELL Tham, Temasek's joint head of enterprise development group, as well as joint head of strategic development, has been appointed as AEM Holdings' non-executive and non-independent director, the company announced in a bourse filing on Tuesday.
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