Cromwell

Broker's Calls

Straits Trading glimmers brighter ahead of ARA’s potential $6.4 billion relisting: DBS

Straits Trading is currently trading at just 0.7 times P/NAV.

Property

SingHaiyi and Tangs take 9.9% stake in Cromwell Property for $172.4 mil

SINGAPORE (Dec 11): SingHaiyi Group and Haiyi Holdings have jointly subscribed to 175.1 million units of stapled securities or a 9.9% stake in Australia-listed Cromwell Property Group for A$169.6 million ($172.4 million).

IPO

Cromwell launches $1.5 bil CEREIT IPO in Singapore

SINGAPORE (Sept 18): Cromwell European Real Estate Investment Trust (CEREIT) today launched an initial public offering of up to 927 million euros ($1.5 billion) in Singapore.

Property

Property giant Cromwell faces credit rating downgrade from Moody’s

SINGAPORE (Sept 18): Ratings agency Moody’s Investor Service is mulling a potential credit rating downgrade on ASX-listed Cromwell Property Group due to its high level of debt.  
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