The Business Times

first sponsor

Companies & Markets

First Sponsor reports 59.2% jump in H1 earnings to S$19 million, interim dividend of S$0.011 a share

Weak market sentiments has impacted First Sponsor's property development business in China.
Companies & Markets

First Sponsor reports subdued market sentiments affecting China property development in Q1 2025

First Sponsor has substantially hedged all its foreign currency exposure arising from its overseas assets such as the Sydney House here.
Reits & Property

First Sponsor H2 net profit jumps more than 40 times to S$81.1 million

About 56 per cent of NSI’s portfolio value is situated in Amsterdam as at Sep 30, 2024.
Companies & Markets

First Sponsor to increase stake in Netherlands’ NSI for 18.9 million euros

First Sponsor acquired the commercial component of a mixed-use development project in Sydney, Australia, for a consideration of A$24.7 million in September.
Property

First Sponsor cautiously optimistic about market turnaround for its business in China

Artist's impression of First Sponsor's Star of East River project in Dongguan, China. The group had proposed a rights issue in August.
Companies & Markets

First Sponsor raises S$244 million from oversubscribed rights issue

An artist's impression of First Sponsor's Star of East River project in China. Net proceeds from the rights issue will be used to fund the company's expansion plans.
Companies & Markets

First Sponsor seeks to raise S$283.8 million in convertible perps issue

Artist's impression of First Sponsor's Star of East River project in Dongguan, China. Pre-sales for the group’s China projects remained muted in the six months due to weak market sentiment.
Companies & Markets

First Sponsor H1 net profit climbs 12.4% to S$11.9 million

Located at 194 to 204 Pitt Street, the partially heritage-listed property spans approximately 3,200 square metres across multiple storeys and a basement.
Companies & Markets

First Sponsor-led consortium buys Sydney property in A$24.7 million deal

Le Meridien Frankfurt Hotel, owned by First Sponsor Group in a joint venture with City Dveelopments and Tai Tak Estates. First Sponsor has declared a final dividend of S$0.032 per share for H2 FY2023.
Reits & Property

First Sponsor H2 net profit plunges 96.8% to S$1.9 million on lower property handover volume in China

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