Fragrance Group

Property

Melbourne developments by Fragrance and Aspial see contrasting fortunes

(Apr 4): A downturn in Melbourne's property market has resulted in the contrasting fortunes of condos built by the Koh brothers.

Property

Fragrance Group to pay $220 mil in en bloc purchase of Eunos Mansion

SINGAPORE (Mar 9): Fragrance Group, through its wholly-owned subsidiary Fragrance Treasures, has entered into a collective sale and purchase agreement to acquire Eunos Mansion condominium for $220 million.

In print this week

Even as property market stirs, Fragrance’s Koh sees little value in current land prices

SINGAPORE (Mar 12): Koh Wee Meng, the billionaire real estate tycoon best known for developing a string of budget hotels in Geylang, is as unassuming as they come. Clad in a simple black suit and a white shirt open at the collar, the chairman and CEO of F

Results

Fragrance Group romps to six-fold rise in FY17 earnings to $48.5 mil as revenue surges

SINGAPORE (Feb 27): Property developer Fragrance Group saw its earnings surge more than six-fold to $48.5 million for the FY17 ended December, from $7.5 million a year ago.

M&A

Koh Wee Meng owns 53.05% of TMC Education at close of offer

SINGAPORE (Jan 30): Koh Wee Meng, chief executive of Fragrance Group, now owns 53.05% of TMC Education at the close of his offer for the education provider.

Results

Fragrance Group's 3Q earnings up 35.2% at $4.2 mil on higher turnover

SINGAPORE (Nov 9): Fragrance Group today posted earnings of $4.2 million for 3Q17, up 35.2% on-year from $3.1 million previously on higher turnover with increased contributions from its property development and hotel segments.

Update

Fragrance Group acquires two UK hotels for $22 mil

SINGAPORE (Sept 4): Fragrance Group has acquired two hotels in the United Kingdom for $22mil.

Property

Fragrance Group sets up new unit in UK; acquires Manchester property for $21.9 mil

SINGAPORE (Aug 28): Fragrance Group has incorporated a wholly owned subsidiary in the United Kingdom, known as Fragrance UK-Manchester.

Results

Fragrance Group 2Q earnings up 3.1% to $3.8 million

SINGAPORE (Aug 8): Property developer Fragrance Group posts a 3.1% increase in earnings to $3.8 million for the 2Q ended June, from $3.7 million a year ago.

Fragrance Group launches new residential tower and hotel

SINGAPORE (July 13): Fragrance Group today announced that it has officially launched its development project in Melbourne and a new-build hotel in Tasmania.
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