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divestment
REITs
ESR-REIT completes $53m divestment of 2 properties
The proceeds will be used for value creation opportunities to improve the quality of the portfolio, ESR-REIT's manager says.
November 30, 2021
Telecommunications
Singtel's Trustwave divests payment card compliance business for $107.8 mil
The sale comes as part of Singtel’s strategic review of its digital businesses, which was announced in May.
October 25, 2021
REITs
Keppel REIT divests stake in Brisbane property for A$275 mil
Keppel REIT is expected to recognise an estimated gain of A$9.8 mil from the sale.
July 01, 2021
REITs
ALOG divests ALOG Changi DistriCentre 2 for $16.7 mil
The consideration is said to be around 7.7% above the property's valuation of $15.5 million.
April 22, 2021
REITs
Frasers Centrepoint Trust to divest YewTee Point for $220 mil
The net proceeds will be used to repay FCT’s debt, thus lowering its gearing level.
March 21, 2021
M&A
Lonza to divest specialty ingredients business to Bain Capital and Cinven for $6.2 bil
The transaction is expected to close in 2H2021.
February 09, 2021
REITs
Ascott Residence Trust divests Somerset Xu Hui Shanghai for $215.6 mil
Completion is expected to take place in 2Q2021.
February 09, 2021
Property
Parkway Life REIT divests non-core property in Japan for $37.1 mil
The total sale consideration is 20.3% above the latest valuation and 19.8% above the net book value.
January 29, 2021
Property
Frasers Property sells Beijing Fraser Suites Real Estate Management for RMB1.61 bil
The estimated net gain of the sale is around $90 million.
January 21, 2021
Company in the news
Q&M Dental to dispose remaining 12.2% stake in Aidite Qinhuangdao for RMB122.5 mil
Q&M says it may use the proceeds to declare a special dividend for shareholders, amongst other uses.
January 15, 2021