First Sponsor

Yanlord Land also retains its win for best ROE in the real estate sector.

As at 11.33am, shares in First Sponsor are trading flat at $1.35.

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The brokerage says the property developer has unrecognised property development revenue of $586 million.

Property developer First Sponsor Group reported earnings of $24.9 million for 1Q2020 ended March, 4.8% higher than the $23.8 million reported in 1Q2019.

SINGAPORE (Feb 14): First Sponsor announced that its 4Q18 earnings have increased by 36.5% to $58.2 million, compared to $42.7 million in 4Q17.

SINGAPORE (Jan 25): First Sponsor’s indirect wholly-owned subsidiary FS Milan Property is acquiring a former hotel building in Italy for 9.3 million euros ($14.4 million) from Fondo Kona, a real estate close-ended alternative investment fund controlled

SINGAPORE (Jan 26): First Sponsor’s subsidiary, FS NL Holdings, along with four other investors, is acquiring all the 8,500 issued shares in Hotelmaatschappij Rotterdam BV, from Park Intermediate Holdings for about €50.4 million ($81.5 million).

SINGAPORE (Dec 7): First Sponsor has formed a joint venture with its two key shareholders, City Developments (CityDev) and Tai Tak Estates Sendirian Berhad, to acquire the Le Méridien Frankfurt Hotel in Germany for a total of €85.0 million ($135

SINGAPORE (Aug 22): First Sponsor says a unit of China Vanke has subscribed for a 55% stake in its subsidiary, FS Dongguan Investment Holdings.