The Business Times
business-time-50
SUBSCRIBERS

St James in $1.5b RTO deal with Perennial

This will be followed by other transactions to transform loss-making Catalist firm into a larger integrated real estate player

google-preferred-sourceAdd BT as a preferred source
Published Fri, Mar 14, 2014 · 10:00 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

ST JAMES Holdings has proposed a series of transactions that will transform the loss-making Catalist company into a larger integrated real estate player holding assets held by Perennial Real Estate Holdings (PREH) through reverse takeovers.

The first phase of the transaction is a proposed $1.56 billion acquisition of the unlisted assets of PREH and listed assets under PREH-sponsored business trust Perennial China Retail Trust (PCRT) via the issuance of new shares.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

Beijing’s calculated silence on the Iran war 

US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

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