Imperium Crown may sell core Japan properties
PROPERTY investment firm Imperium Crown - the former Communication Design International - said it is exploring a potential sale of its core investment properties in Japan.
"The yields on real estate assets will continue to be low as the Japanese central bank continues to lower interest rates with the aim of spurring economic growth," said executive chairman Wan Jinn Woei.
The Catalist-listed firm said it will concurrently explore other investment opportunities.
It last traded at S$0.066.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints