Privatisation

To GuocoLand, keeping GuocoLand Malaysia listed may not make sense, as it has not raised equity from the capital market in the last decade and resources are being used to maintain the listing status.
HOCK LOCK SIEW

GuocoLand’s rationale for privatising its Malaysian arm not strong

But the proposed move could be the SGX-listed group’s way of priming itself to be privatised in future

Construction and property developer Low Keng Huat now has less than 10% of its issued share capital in public hands – the minimum required to maintain a listing.

Low Keng Huat privatisation imminent as offeror secures over 90% of shares

Consistent Record’s final offer of S$0.78 a share is 8.3% or S$0.06 higher than its initial price

Under the terms of the deal first proposed in October 2025, Jardine Matheson acquired the remaining 11.96 per cent of Mandarin Oriental shares it did not already own.

Mandarin Oriental to delist from SGX on Jan 20 following privatisation

The company was valued at around US$4.2 billion at the time of the offer

The offeror intends to delist the company to save on compliance costs and gain greater flexibility to manage the business amid a challenging macro and operating environment.

Low Keng Huat controlling shareholders up offer price to S$0.78 per share, extend closing date

Revised offer represents an increase of 8.3% or S$0.06 over the initial offer price

To promote growth, Hisamitsu is stepping up overseas expansion as it faces intensifying competition at home.

CEO of Salonpas maker seeks to take the 450 billion yen drug firm private

The Japanese government has been promoting cheaper generic medicines and pushing drugmakers to cut prices as its population ages

City Developments Limited's executive chairman Kwek Leng Beng (right) and his son and group CEO Sherman are prominent second and third generation property leaders, respectively.
THE LEVEL GROUND

Can Singapore family-owned property empires last far beyond three generations?

Applying lessons from Geneva’s Pictet family 

Low Keng Huat’s net asset value as at Jul 31 was S$0.79 per share, or 9.7% above the offer price.
HOCK LOCK SIEW

Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns

Its shares have delivered a higher total return over the past 15 years than the STI as well as property groups such as CDL, Hongkong Land and UOL

Major groups may have good reasons to privatise listed hotel-owning entities.
THE LEVEL GROUND

Owning luxury hotels is tough but can be richly rewarding for patient capital

Jardine Matheson and Frasers Property could gain from hotel ownership over the long term