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divestment

DBS keeps recommendation on DFI following Robinson Retail divestment - THE EDGE SINGAPORE

Broker's Calls

Analysts keep recommendation on DFI following Robinson Retail divestment

DBS: “Overall, we view this as a strategically positive step."

REITs

Mapletree Logistics Trust completes divestment of Linfox, a warehouse in Malaysia for about $21.65 mil

This is one of three properties in Malaysia that the trust proposed to divest last September. MLT’s portfolio is now 180 and AUM of $13.3 bil.
Natural Cool to sell property in Kaki Bukit for $1.1 mil - THE EDGE SINGAPORE

Property

Natural Cool to sell property in Kaki Bukit for $1.1 mil

The group is expected to book a net gain of $168,000 from the sale of this property.

REITs

UHREIT completes divestment of Albany-Supermarket for US$23.8 mil

The manager of UHREIT notes that the divestment is in-line with its pro-active portfolio management strategy to maximise the operational performance of assets and capitalise on opportunities.

REITs

Purchaser exercises call option to divest Paragon REIT’s Figtree Grove

The purchaser, an unrelated party, has paid a deposit of A$9.6 million to Figtree Trust.
Oceanus disposes aquaculture farms in China for $19.2 mil - THE EDGE SINGAPORE

M&A

Oceanus disposes aquaculture farms in China for $19.2 mil

Oceanus expects to book a $10.5 mil gain from the sale of its aquaculture farm in China.
OUE REIT to divest Lippo Plaza Shanghai for $357.4 mil; all remaining assets in Singapore - THE EDGE SINGAPORE

REITs

OUE REIT to divest Lippo Plaza Shanghai for $357.4 mil; all remaining assets in Singapore

The proposed divestment is expected to be completed by the end of 2024.
Wee Hur to divest PBSA portfolio for A$1.6 bil  - THE EDGE SINGAPORE

Company in the news

Wee Hur to divest PBSA portfolio for A$1.6 bil

Following the transaction, Wee Hur is set to retain a 13% stake through its subsidiary, Wee Hur (Australia).

Broker's Calls

RHB and DBS maintain ‘buy’ calls on CICT following its divestment of 21 Collyer Quay

CICT announced that it divested the office building for $688 million on Nov 12.

Company in the news

Keppel’s subsidiary divests 70% stake in Saigon Sports City for up to $391.1 mil

Shares in Keppel closed 1 cent higher or 0.15% up at $6.63 on Sept 30.
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