Listing of student accommodation assets a 'possibility': SPH
Add BT as a preferred sourceSingapore
LISTING its purpose-built student accommodation assets is a "possibility", among other opportunities it seeks to improve shareholder value, said Singapore Press Holdings (SPH) on Thursday.
Its statement came after Bloomberg on Thursday - citing sources close to the matter - reported that SPH is planning to list those UK-based assets in Singapore through a real estate investment trust, in a deal that would value those properties at more than US$1 billion.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
These little-known SGX tech stocks are beating the market. What’s driving them up?
Indonesia equities plunge as MSCI removal triggers broad sell-off; tycoon-linked stocks hit hardest
