Aspen (Group) Holdings

Aspen applies to transfer listing to mainboard - THE EDGE SINGAPORE

Company in the news

Aspen applies to transfer listing to mainboard

The company, by doing so, wants to raise its visibility

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.

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.

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.

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.

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.

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.

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

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).

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).
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