divestment

SINGAPORE (June 29): The manager of CapitaLand Commercial Trust (CCT) announced it will be divesting Twenty Anson for a consideration of $516.0 million or $2,503 psf.

SINGAPORE (May 17): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for $20 million.

SINGAPORE (Apr 4): Keppel Corporation says wholly-owned subsidiary, Keppel Land China, has completed the divestment of 100% stake in Keppel China Marina Holdings (KCMH) to Delight Prime for RMB 2.9 billion ($597.1 million).

SINGAPORE (Apr 3): Ascendas REIT (AREIT) is selling its property on 30 Old Toh Tuck Road to Soon Bee Huat Trading for $24 million.

SINGAPORE (Mar 5): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Utilities (Oman), will be exiting its joint venture (JV) with its partner Takamul Investment, a subsidiary of Oman Oil Company. 

SINGAPORE (Feb 28): Sabana REIT is divesting 6 Woodlands Loop for a consideration of $13.8 million.

SINGAPORE (Feb 27): Water solutions provider Hyflux has announced a FY17 loss of $116.4 million compared to $3.8 million in earnings posted for FY16, citing continued weak electricity prices across the Singapore power market.

SINGAPORE (Feb 15): RHB is maintaining its “buy” call on ISOTeam with an unchanged target price of 46 cents following the announcement of its proposed divestment of a 34.1% stake in its M&E arm for $3 million.

SINGAPORE (Feb 6): ESR Funds Management announced that ESR-REIT will be selling 9 Bukit Batok Street 22 to MSS Bukit Batok for $23.9 million.

SINGAPORE (Jan 29): The managers of Ascendas Hospitality Trust (A-HTRUST) are selling two hotel properties, Beijing Novotel Sanyuan and Ibis Beijing Sanyuan, for a total of RMB1.156 billion ($235.9 million) in cash.