The Business Times
business-time-50

SingHaiyi to raise S$143m for property investments through rights issue

google-preferred-sourceAdd BT as a preferred source
Published Tue, Dec 26, 2017 · 09:50 PM

Singapore

PROPERTY developer SingHaiyi Group is looking to raise net proceeds of up to about S$143.16 million for property investments through a rights issue.

It announced on Tuesday that it is proposing a renounceable non-underwritten rights issue of up to about 1.44 billion new shares at S$0.10 each, to be issued on the basis of one rights share for every two existing shares to shareholders.

TRENDING NOW

The weakness is a near-term market adjustment rather than a crack in Malaysia’s fundamentals, says Christopher Wong, FX strategist at OCBC.

Singdollar hits 10-month high against MYR; analysts still bullish on ringgit

“I consider myself lucky. I don’t consider myself successful,” says Ng Yih Pyng, the second-generation leader of Tomei Consolidated.

What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief

Price increases are still working their way through the system, with much of the underlying cost pressures yet to show up on supermarket shelves.

The coming food price shock: How war, weather and fuel are colliding

Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

Canada’s fight with the US has far bigger stakes than trade

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More