disposals

Following the completion of the disposal, PT Kariangau Power ceased to be an indirect subsidiary of Metis Energy.

The London acquisition is said to be accretive to the REIT’s distribution per unit (DPU) and net asset value (NAV).

SINGAPORE (April 8): Singapore Myanmar Invesco’s (SMI) intended sale of its telecommunication infrastructure subsidiary, TPR Myanmar, to Tiger Infrastructure for US$10.8 million ($14.4 million) has fallen through after the latter failed to fulfil terms

SINGAPORE (June 21): Singapore Myanmar Investco (SMI) says its joint venture partner Golden Infrastructure Group (GIG) has officially initiated legal action against the group’s sale of TPR Myanmar.

SINGAPORE (Dec 20): The manager of Fortune REIT says it is selling Provident Square in Hong Kong for a consideration of HK$2 billion ($344.5 million) via its wholly-owned special purpose vehicle Elveden Enterprises, to Farsight Investment Limited.

SINGAPORE (Oct 12): Construction firm and property developer Lian Beng Group reported earnings of $8.9 million for the 1Q18, down 29.4% from $12.7 million in 1Q17 due to lower profits from its construction segment.

SINGAPORE (July 14): Carnival Corporation (CCL), an indirect wholly-owned subsidiary of Genting Hong Kong (Genting HK), is in the process of disposing of its entire 5.7% stake in Star Entertainment for about a total of A$273.7 million ($291 million).

SINGAPORE (Aug 29): C&G Environmental Protection Holdings (C&G) has agreed to dispose its main operating and wholly-owned subsidiary, C&G Environmental Protection (Thailand) Company (C&G Thai) as well as C&G Environmental Protection International (C&G Int