Hot stock: Wee Hur falls by over 8% after exit from Australian student dorm business
The company is selling its purpose-built student accommodation portfolio to Greystar
Add BT as a preferred source
SHARES of construction engineering company Wee Hur fell on Tuesday (Dec 17) morning, after the group announced that it is selling its Australian-focused purpose-built student accommodation (PBSA) portfolio for A$1.6 billion (S$1.4 billion).
As at 10.04 am, the counter tumbled by 8.4 per cent or S$0.04 to S$0.435, with 16.5 million shares changing hands.
The share price then rose to S$0.44 at 10.20 am, still down 7.4 per cent or S$0.035, with 17.3 million securities transacted, before falling again to S$0.435 at 10.29 am.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
EU and Asean at 50: time for bold action
