The Business Times
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first sponsor

Companies & Markets

First Sponsor expects net loss for H2, full year 2025 on forex losses

First Sponsor's Star of East River project in Dongguan, China. The group says that its property development projects in China are largely completed and thus do not present “material cashflow pressures”.
Companies & Markets

First Sponsor posts 1.3% rise in Europe portfolio Q3 operating income, lacklustre China property development sales

First Sponsor's earnings in H1 rose on a higher share of profits from associates and joint ventures.
Companies & Markets

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

First Sponsor's Star of East River project in Dongguan, China. The company says market sentiment in the country remains weak despite the easing of property-related measures and the implementation of pro-market policies by the government in the second half of 2024.
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 Sydney House Hotel/ Galleria (above).
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 in August proposed a rights issue.
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

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