Tuan Sing to divest Robinson Point for S$500m
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY developer Tuan Sing Holdings is proposing to divest Robinson Point for S$500 million, the mainboard-listed firm announced in a bourse filing on Friday night.
Tuan Sing expects to realise a gain of about S$128.3 million on the sale. The proceeds may be recycled to fund committed investments, retire existing debts and fund general corporate and working capital needs, Tuan Sing said.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
