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divestment
M&A
Hengyang Petrochemical Logistics and CEO Gu dispose of stake in Jiangsu entity for $4.3 mil
The gain upon completion is expected to be RMB5,592.
January 11, 2021
Property
Keppel Land divests 100% interest in First King Properties for $131.1 mil
The divestment will see a gain on disposal of some £6.8 million, including fair value adjustment to be recognised in the 2HFY2020.
December 24, 2020
Property
CDL to divest Copthorne Orchid Hotel & Resort Penang in Malaysia for $25 mil
This is CDL’s third non-core hotel asset disposal since the beginning of 2020.
December 14, 2020
REITs
Frasers Logistics & Commercial Trust to divest leasehold properties in South Australia for A$29.6 mil
The consideration represents a 19.4% premium to FLCT’s South Australia portfolio’s total book value of A$24.8 million.
December 10, 2020
M&A
Japfa disposes 80% stake in Greenfields Dairy for $393.9 mil
Earnings per share (EPS) for FY2019 ended December would have been 19.05 US cents instead of 6.45 US cents.
December 07, 2020
M&A
Keppel Land China fully divests Chengdu Hilltop Development for $250.4 mil
The divestment is expected to be completed in the first quarter of 2021.
November 10, 2020
M&A
Sembcorp completes divestment of water business in Panama for $64 mil
The divestment resulted in a net gain of some $21 million.
November 02, 2020
Property
CDL Hospitality Trusts divests Novotel Brisbane for $66.4 million
The divestment is expected to be completed on Oct 30.
October 21, 2020
Company in the news
Keppel Corp's wholly-owned subsidiary divests interest in Thailand's Business Online Public Company for $36 mil
According to Keppel, the divestment is “in line” with its Vision 2030.
October 12, 2020
Broker's Calls
Mapletree Industrial Trust kept at 'buy' despite bittersweet separation with prime data centre asset
As Mapletree Industrial Trust says goodbye to one of its assets, it is still on track towards a positive growth
August 18, 2020