The known major shareholders of the consortium are Perennial with a 31.2% stake, and Kuok’s wholly-owned investment vehicle HPRY Holdings with 10.1%. According to DBS, BreadTalk has a 5.31% stake.
SINGAPORE (Aug 1): DBS Group Research says the consortium including Perennial Real Estate Holdings, BreadTalk Group, and Wilmar CEO Kuok Khoon Hong could realise a net gain of at least $398 million in the potential en bloc sale of AXA Tower.
The Perennial-led consortium on Monday after market close announced it is considering the sale of the property at no less than $1.65 billion.
