oue limited

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

Under the accord, the two hospitals will have a ‘two-way green channel access’ for patients

The notes, which will pay interest semi-annually, are expected to be issued on Oct 8