Clarification

REITs

Eagle Hospitality Trust: 'Significant misrepresentation' in Long Beach Post article

Singapore (Dec 9): Eagle Hospitality Trust (EHT) has released a statement today defending its property the Queen Mary, a cruise liner that was converted into a hotel. The statement, it added, is to provide context and clarification to an article published

Management & Corporate Governance

No binding agreement with potential investor Utico yet: Hyflux

SINGAPORE (May 28): Embattled water company, Hyflux on Tuesday clarified in a Singapore Exchange filing that its recent meeting with Utico did not entail any binding agreements or conclusive number on how much its investors will be getting.

Update

Ascott Raffles Place divestment in line with market & legal practices, maintains REIT manager

SINGAPORE (Jan 22): The manager of Ascott Residence Trust (Ascott REIT) has filed a clarification letter to the Singapore Exchange (SGX) in response to a letter published in the forum of The Straits Times on Monday, which questioned the gap between the va

Broker's Calls

GLP’s potential privatisation could be ‘strategic move’ for further asset control

SINGAPORE (Dec 2): UOB Kay Hian is maintaining its “buy” recommendation on Global Logistic Properties (GLP) with an unchanged target price of $2.40.

GLP says JPMorgan appointed to undertake strategic review

SINGAPORE (Dec 2): Global Logistic Properties (GLP) has acknowledged that it is undertaking strategic review following a request from its largest shareholder, GIC Real Estate, and has appointed JPMorgan as a financial adviser to assist in the review.

OUE says group approached to purchase UE shares but is not in talks

SINGAPORE (Oct 5): OUE says the company "has been approached" to purchase shares in United Engineers.

Mermaid Maritime says have not sold vessel to Ultra Deep Solutions; still evaluating options

SINGAPORE (Sept 5): Mermaid Maritime says it has not sold its DP2 multipurpose subsea dive support and construction vessel (DSCV) to Ultra Deep Solutions, contrary to an article published on Sept 1 in the Petrodaily Subsea International Edition.
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