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SingHaiyi, shareholders take 9.9% stake in Cromwell for A$169m

Nisha Ramchandani

Published Mon, Dec 11, 2017 · 09:50 PM

Singapore

MAINBOARD-LISTED real estate group SingHaiyi has, in conjunction with Haiyi Holdings, subscribed for about 175.1 million units of stapled securities, or a 9.9 per cent stake, in Australia-listed Cromwell Property Group for A$169.6 million (S$172.4 million).

Haiyi Holdings is a wholly owned entity of SingHaiyi's controlling shareholders Gordon Tang and Celine Tang.

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