oue limited

It owns 29.07% of an investee company which has been hit by the slowdown of the property market in China

The net proceeds from the issuance will go into financing or refinancing new or existing eligible green projects

After selling One Raffles Place, OUE Reit should be taken private or divest the rest of its properties

The group’s half-year revenue is down at S$324.3 million from S$332 million the year before

It owns 29.07% of an investee company whose business is adversely impacted by the slowdown of the property market in China

OUE says the transaction is in line with its commitment to the longer-term prospects of OUE Healthcare’s core business

But revenue declines 6.9% to S$292.8 million, from S$314.5 million the year before

It paves the way for the two to pursue future real estate opportunities, says deputy CEO of OUE

Issuance will be consolidated with property player’s existing S$150 million in green notes, which were issued on Oct 8, to form a single series