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Broker's Calls
Oxley to get much-needed hongbao if hotel sale deal is on
SINGAPORE (Jan 14): Property group Oxley could potentially reduce net debt-to-equity to 1.8 times from 2.5 times as at Sept 2018 if sale of its Mercure and Novotel hotels on Stevens Road is completed.
January 14, 2019
M&A
Oxley accepts LOI from buyer of Mercure and Novotel hotels on Stevens Road
SINGAPORE (Jan 10): Oxley announced that its wholly-owned subsidiary, Oxley Gem, has accepted a letter of intent (LOI) today for the purchase of Mercure and Novotel hotels located at 28 and 30 Stevens Road for a total consideration of $950 million.
January 10, 2019
Property
Oxley obtains TOP for maiden hotel development; operations to commence 2Q18
SINGAPORE (Aug 15): Oxley Holdings announced Tuesday that it expects to commence operations for its $900 million hotel development along Stevens Road in the second quarter of FY2018.
August 15, 2017