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Greener pastures lie overseas, says Oxley CEO

Developer eyeing Europe, Myanmar; full-year profit soars to S$286.7m

OVERSEAS pastures look greener now for home-grown developer Oxley Holdings, which has set its eyes on recovering markets like Europe and emerging markets such as Myanmar.

The group, which yesterday announced a quadrupling of net profit for the year ended June 30 to S$286.7 million, is now in talks on a mixed development site in Europe.

Oxley chairman and chief executive Ching Chiat Kwong said he hopes to make an announcement in the next quarter if a deal in Europe materialises.

"Two years ago, we have...

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