The Business Times
business-time-50
Topline
·
SUBSCRIBERS

Fresh off student housing deal, Wee Hur keen on more partnerships with institutional investors

google-preferred-sourceAdd BT as a preferred source
Tessa Oh

Tessa Oh

Published Mon, May 23, 2022 · 05:50 AM
    • Goh Wee Ping (left, with his father Goh Yeow Lian) managed to find a new investor for the group's student accommodation property trust.
    • Goh Wee Ping (left, with his father Goh Yeow Lian) managed to find a new investor for the group's student accommodation property trust. PHOTO: YEN MENG JIIN

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    WEE Hur Holdings ’ recent sale of a chunk of its Australian purpose-built student accommodation (PBSA) portfolio could be described as something of a coup for the construction and real estate group.

    The mainboard-listed company had announced in a bourse filing last month that it will be selling a 9.9 per cent stake in Wee Hur PBSA Master Trust (WHPMT) for A$112.7 million ($113.3 million).

    Other shareholders of WHPMT holding a 40 per cent stake will also divest all of their interest in the property trust.

    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.

    Wee Hurstudent accommodationConstructionTopline

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More