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Aspen (Group) Holdings
Company in the news
Aspen applies to transfer listing to mainboard
The company, by doing so, wants to raise its visibility
October 26, 2020
Tong's Portfolio
Malaysian banking system is strong, with ample liquidity and reserves
Financial institutions are often the most vulnerable segment during a crisis when liquidity drops.
October 23, 2020
Tong's Portfolio
Gold regains its glitter
Gold has been a traditional store of value and hedge against inflation as well as economic-geopolitical uncertainties for thousands of years — and a strategic asset in many diversified portfolios, including those of central banks.
August 14, 2020
Aspen Group to raise $14.8 mil in convertible loans from Haitong for project financing
SINGAPORE (May 20): Aspen (Group) Holdings has entered into an agreement with Haitong International Financial Products (Singapore) to raise up to US$11 million ($14.8 million) via a convertible loan agreement.
May 20, 2018
M&A
Oxley to acquire 10% stake in Aspen via placement for $23.3 mil
SINGAPORE (Apr 30): Oxley Holdings has agreed to subscribe to 97 million new shares at 24 cents each in Aspen (Group) Holdings via a placement exercise, for a total of $23.28 million.
April 30, 2018
Results
Aspen's 4Q earnings surge to $14.2 mil on higher revenue
SINGAPORE (Feb 28): Aspen Group saw its earnings surge to 42.0 million ringgit ($14.2 million) for the 4Q ended December on the back of higher revenue, from 4Q earnings of 1.5 million ringgit a year ago.
February 28, 2018
Broker's Calls
Aspen could ride on Penang growth opportunities
SINGAPORE (Feb 1): Phillip Capital says Aspen (Group) Holdings’ flagship project, the 245-acre Aspen Vision City (AVC) in Penang, Malaysia, could benefit from the creation of communities and opportunities.
February 01, 2018
Commentary
IPO boom feeds corporates. Will it benefit investors?
SINGAPORE (Dec 4): After a stellar performance in its first year as a publicly listed company, spray paint maker Samurai 2K Aerosol is raising more money at a valuation some five times above its IPO price. The Malaysian company, which makes coatings for t
December 04, 2017
Broker's Calls
Aspen started at ‘buy’ as a Penang transformation play
SINGAPORE (Oct 20): RHB is initiating coverage on Aspen (Group) Holdings, the Penang-based property developer, at “buy” with a target price of 31 cents based on a 45% discount to a RNAV estimation of RM1.5 billion ($480 million).
October 20, 2017
Property
Aspen to buy freehold land in Selangor for $21.5 mil
SINGAPORE (Sept 28): Aspen (Group) Holdings’ wholly-owned subsidiary, Aspen Vision Development (Central), has entered into a sale and purchase agreement to acquire a plot of freehold land in Selangor, Malaysia for 66.7 million ringgit ($21.5 million).
September 28, 2017