divestment

Hengyang Petrochemical Logistics and CEO Gu dispose of stake in Jiangsu entity for $4.3 mil - THE EDGE SINGAPORE

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.
Keppel Land divests 100% interest in First King Properties for $131.1 mil - THE EDGE SINGAPORE

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.
CDL to divest Copthorne Orchid Hotel & Resort Penang in Malaysia for $25 mil - THE EDGE SINGAPORE

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.

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.
Japfa disposes 80% stake in Greenfields Dairy for $393.9 mil - THE EDGE SINGAPORE

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.
Keppel Land China fully divests Chengdu Hilltop Development for $250.4 mil - THE EDGE SINGAPORE

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.
Sembcorp completes divestment of water business in Panama for $64 mil - THE EDGE SINGAPORE

M&A

Sembcorp completes divestment of water business in Panama for $64 mil

The divestment resulted in a net gain of some $21 million.
CDL Hospitality Trusts divests Novotel Brisbane for $66.4 million - THE EDGE SINGAPORE

Property

CDL Hospitality Trusts divests Novotel Brisbane for $66.4 million

The divestment is expected to be completed on Oct 30.
Keppel Corp's wholly-owned subsidiary divests interest in Thailand's Business Online Public Company for $36 mil - THE EDGE SINGAPORE

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.

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
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