disposal

SINGAPORE (July 11): DBS Vickers Securities is positive on Frasers Commercial Trust’s (FCOT) recent disposal of its commercial property at 55 Market Street, highlighting the move as one that unlocks value and opportunities for capital recycling.

SINGAPORE (June 19): China Aviation Oil (CAO) intends to divest its entire remaining 39% stake in its associated company China Aviation Oil Xinyuan Petrochemicals, a limited liability company in China.

SINGAPORE (June 6): Raffles Education Corporation (REC) will no longer be disposing of its unit’s property located at 1-3 Fitzwilliam Street, Parramatta, New South Wales, Australia, to Propertylink (Holdings) Limited (PHL).

SINGAPORE (June 5): Beng Kuang Marine’s wholly-owned subsidiary, PT Marina Shipping (PTMS), has agreed to sell four sets of its tugs and barges to Indonesian company PT Quanta Indonesia for a total of $6.3 million.  

SINGAPORE (June 4): Spindex Industries is surrendering its lease at its industrial property at 6 Neythal Road, which is located in the Jurong West region of Singapore, to JTC Corporation for $3.7 million after accounting for reinstatement costs. 

SINGAPORE (Apr 4): DBS is downgrading its call on PACC Offshore Services Holdings (POSH) to “hold” from “buy” previously with a lower target price of 32 cents.

SINGAPORE (Apr 2): ASTI Holdings is disposing several of its subsidiaries, collectively known as STI Group, to Shanghai Pudong Science and Technology Investment (PDSTI) for $90 million.

SINGAPORE (Mar 6): DMX Technologies has received approval from the Singapore Exchange (SGX) to delist upon start of the creditors’ voluntary liquidation (CVL) process.

SINGAPORE (Dec 18): ASTI Holdings has entered into a term sheet to dispose of the entire issued and paid-up share capital of several wholly-owned subsidiaries; collectively known as STI Group, to Shanghai Pudong Science and Technology Investment (PDSTI

SINGAPORE (Dec 6): Heeton Estate, a wholly-owned subsidiary of Heeton Holdings, has agreed to sell development at 30 Woodlands Avenue 1, The Woodgrove, for $55.85 million to an undisclosed purchaser registered in Singapore.