Perennial Real Estate

M&A

Perennial, Yanlord extends UE takeover offer to Sept 12

SINGAPORE (Aug 29): Yanlord Perennial Investment (Singapore), the consortium led by Perennial Real Estate and Yanlord Land Group, have extended their takeover offer for United Engineers.

M&A

Yanlord-led consortium to acquire stakes in UE, WBL Corp for up to $730 mil

SINGAPORE (July 13): A group led by Yanlord Land, together with Perennial Real Estate, is making an offer to acquire a 33.5% stake in United Engineers at $2.60 each.

Broker's Calls

This bank is divesting its non-core businesses and investing in wealth management

SINGAPORE (June 28): UOB KayHian is maintaining its ‘buy’ call on Oversea-Chinese Banking Corporation (OCBC) with a target price of $11.70.

Broker's Calls

Perennial Real Estate's enlarged stake in Chinatown Point a welcome addition

SINGAPORE (Nov 30): CIMB is maintaining its “add” call on Perennial Real Estate with a target price of $1.11 after it increased its stake in Chinatown Point to make it its largest owner.

Property

CBD property market heating up despite gloomy outlook

SINGAPORE (Nov 29): The Singapore Central Business District has just seen its fourth major office transaction in 2016, after CLSA Capital Partners acquired 77 Robinson Road for $531 million. The sale of One George Street is also said to be under negotiati

Stocks To Watch

MMP Resources, Perennial, China Auto, Keong Hong, Metech, Thakral, Astaka

SINGAPORE (Nov 29): Here are some factors and stocks that could move the market this Tuesday morning:

Perennial secures call option to buy 20% stake in Aviva Tower, UK, for £330 mil

SINGAPORE (Nov 29): Perennial Real Estate announced that is has secured a call option agreement for US$4 to acquire a 20% stake in Aviva Tower based on an agreed property value of £330 million ($584 million).
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Perennial Real Estate's 1Q earnings more than double on fair-value gain

SINGAPORE (May 13): Perennial Real Estate Holdings 2Q earnings more than doubled to $8.5 million in 1Q16 from $3.4 million in 1Q15, boosted by a fair value gain of $7.5 million.
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