Corporate digest
Add BT as a preferred sourceSingapore Post
SINGAPORE Post (SingPost) on Thursday announced that it has, through a wholly owned subsidiary, entered into a sale and purchase agreement with Triforce Investments for the sale of the General Storage Company (Lock+Store) for an estimated S$85.1 million.
The General Storage Company is a subsidiary of SingPost that offers private storage facilities. The move comes as part of SingPost's strategy of recycling capital through the divestment of non-core assets, said the company in bourse filing.
The proposed disposal is estimated to result in a gain of about S$6 million after transaction costs.
Olam International
MAINBOARD-LISTED Olam International has priced nine billion yen (S$110 million) five-year notes due 2026, via a private placement, the food and agri-business company said on Thursday in a bourse filing.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The private placement is part of Olam's US$5 billion euro medium term note programme. The notes were issued at a fixed coupon of 1.61 per cent, payable semi-annually in arrears. It will mature on Sept 2, 2026.
GK Goh Holdings
THE investment company on Thursday announced that it has appointed SAC Capital Private Ltd as its independent financial adviser to advise the company's independent directors on the proposed sale of Boardroom to a Temasek-related consortium for around S$$312 million.
The group had earlier announced that it expects to fetch approximately S$287 million in gross proceeds from the divestment.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
