divestment

SINGAPORE (Jan 24): Datapulse Technology says it expects an approximate gain of $44.6 million from its disposal of its industrial property at 15A Tai Seng Drive, and that it intends to reward its shareholders with a special dividend of 1 cent per share.

SINGAPORE (Jan 15): The manager of AIMS AMP Capital Industrial REIT (AA REIT) has agreed to sell the REIT’s smallest asset in its portfolio that is valued below $10 million, 10 Soon Lee Road, for a consideration of $8.17 million.

SINGAPORE (Jan 15): Shares in Bursa Malaysia-listed Kuchai Development rose as much as 54 sen or 24% to RM2.82 (94 cents) on Monday.

SINGAPORE (Jan 12): IEV Holdings announced that its wholly-owned indirect subsidiary, IEV Vietnam Liability, has entered into a lease and sale agreement with BSB Investment and Development for its MK-1 Biomass Plant and its related assets for about VND 34

(Jan 9): Zurich Insurance is selling its Singapore life assurance business, with policies providing US$4.5 billion ($6.0 billion) of coverage, to Singapore Life as part of the Swiss group’s overhaul under Chief Executive Mario Greco.

SINGAPORE (Jan 5): CapitaLand has agreed to divest its share of interest in a group of companies that hold an agreed value of RMB8.37 billion ($1.7 billion) through 20 retail assets in China, each with an average gross floor area (GFA) of about 40,000 sqm

SINGAPORE (Dec 28): 1Malaysia Development Berhad (1MDB) had China state-owned companies to thank when it came to the final settlement of a loan to Abu Dhabi's sovereign wealth fund, according to media reports.

SINGAPORE (Dec 22): The manager of Ascendas REIT (A-REIT) is divesting 84 Genting Lane to corporate gifts firm Axxel Marketing for $16.68 million, which represents a 66.8% premium to the property’s original purchase price of $10 million.

SINGAPORE (Nov 21): Keppel Corporation announced that Keppel Land China (KLC), a wholly-owned subsidiary of Keppel Land, and Keppel China Marina Holdings (KCMH) were on Monday served as co-defendants in a writ of summons filed by Sunsea Yacht Club (Hong K

SINGAPORE (Oct 27): Keppel Corp says subsidiaries Kephinance Investment and Kepwealth Inc has sold about 34 million shares or a 100% stake Kepwealth Property Phils (KPP) to Euro Capital Land for about PHP 793.6 million ($21 million).