stamford land

The claim centres on Rule 877(10), a provision in the SGX’s Mainboard Listing Rules that outlines the allocation of excess rights shares in a rights issue.

Companies & Markets

Stamford Land sues UOB over allocation of excess rights shares in its 2021 issue

The SGX mainboard-listed property player is claiming losses and damages of S$1.88 million

Stamford Land says that any liability would be limited to the assets of the Macquarie Park Village Trust, of which subsidiary HSH Hotels is trustee.

Companies & Markets

Stamford Land unit is being sued over alleged defects in Sydney project

The claims involve alleged deficiencies in the design and construction of Macquarie Park Village

Stamford Land is upgrading several of its Australia-based hotels, including Stamford Plaza Melbourne (pictured).

Companies & Markets

Stamford Land H1 profit rises 4.1% to S$15.8 million on higher hotel room rates

Its revenue inches up 1.8% to S$71.3 million

The drop comes amid a 6.5% decline in revenue, which came in at S$78.3 million as compared to S$83.8 million previously.

Companies & Markets

Stamford Land H2 profit falls 14.2% to S$17.6 million on lower contributions from property development segment

Earnings per share at S$0.0119, down from S$0.0138

The development 8 Finsbury Circus is part of Stamford Land's portfolio. The group noted that its revenue in H1 FY2025 fell 4.3% to S$70.1 million, from S$73.2 million year on year.

Companies & Markets

Stamford Land returns to black with H1 profit of S$15.2 million

This is largely due to the absence of a S$71.2 million fair value loss on investment property recorded a year ago

The 8 Finsbury Circus property comprises 10 floors of Grade A commercial office units with ancillary retail units.

Companies & Markets

Stamford Land takes out shareholders’ loans for UK property

These were procured after considering the company’s cash position, funding requirements

A final dividend of S$0.005 per share was proposed, similar to the final dividend a year earlier, Stamford Land says.

Companies & Markets

Stamford Land H2 net profit falls 88.9% on absence of disposal gains

Revenue for the six months was up 2.8% to S$83.8 million

SGX RegCo reached a resolution with Stamford Land that will see the company's controlling shareholders make a S$2 million donation to the SGX Investor Education Fund

Opinion & Features

HOCK LOCK SIEW

SGX RegCo’s resolution with Stamford Land spotlights rules on allotment of rights shares

SHOULD a public-listed company ever be allowed to allot excess rights shares to its directors or controlling shareholders without first satisfying all applications from minority shareholders?

Stamford Land's Grade A commercial office at 8 Finsbury Circus in London.

Companies & Markets

Stamford Land shareholders donate S$2 million to SGX education fund in resolution over allocation of rights

STAMFORD Land’s controlling shareholders will donate S$2 million to the Singapore Exchange (SGX) Investor Education Fund, as part of a resolution between both parties over an issue regarding the forme...

Stamford Land's 8 Finsbury Circus property in London has contributed to the company's fair value loss as a result of higher capitalisation rate.

Companies & Markets

Stamford Land posts S$14.6m H1 net loss, sees higher fair value loss on investment property

STAMFORD Land saw its net loss narrow to S$14.6 million for the six months ended Sep 30, 2023, from S$32.1 million a year earlier.

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