During 3Q, Rowsley completed the acquisition of AC Consortium, a leading industrial building design firm in Singapore, and Ariva Hospitality, a fast growing serviced apartment and hotel management company. These strategic acquisitions are part of the company’s strategy to reinforce its real estate business.
SINGAPORE (Nov 3): Rowsley, the company controlled by Peter Lim Eng Hock, recorded a 3Q net loss of $9.8 million which included a $7.9 million fair value loss.
The fair value change arose from the remeasurement of the company’s purchase consideration payable in the earn-out shares related to the acquisitions it had made.
