Reits & Property

The proposed sale is expected to be completed by Q3 FY2027/2028

The move comes as the indebted developer seeks to cut debt, dispose assets ⁠and bolster liquidity

The plans come after a review that could help improve the real estate investment trust’s capital structure

The Singapore geotechnical engineering company completed a reverse takeover of Catalist-listed Hatten Land earlier this year

No employer provides an iron rice bowl, but there is value in a company being loyal to employees 

Deteriorating fiscal sustainability in major economies is keeping foreign bond yields structurally higher

The three-year bond bears a coupon of 2.1% per annum

The asset comprises two adjoining parcels of land in the Pasir Gudang industrial area

Sale price is 3.7% above asset’s latest valuation of A$27 million, or US$19.5 million