Perennial Real Estate Holdings (PREHL)

Perennial Real Estate Holdings Limited (Perennial) has divested its entire 30% stake in Perennial Somerset Investors Pte. Ltd (PSIPL) to its 70% shareholder, Simply Swift Limited, for a total consideration of $155.1 million.

SINGAPORE (Oct 8): Perennial Real Estate Holdings’ associate TYN Investment (TYNI) has applied to the court seeking leave to start a claim for conspiracy against Griffin Real Estate Investment Holdings (GREIH) and Singaporean entrepreneur Andy Ong Siew

SINGAPORE (Aug 26): During a results briefing -earlier this year, Pua Seck Guan, CEO of Perennial Real Estate Holdings (PREH), sidestepped questions on capital expenditure, debt, debt-to-equity levels, cash flow, earnings before interest and taxes (Ebit),

SINGAPORE (Aug 7): Perennial Real Estate Holdings reported revenue for 2Q19 ended June surged 52.4% to $27.6 million from $18.1 million. However earnings fell 74.9% to $2.2 million from $8.6 million on the back of higher finance costs.

SINGAPORE (July 15): Towards end-June, a long-term United Engineers shareholder who has held his shares for more than 15 years, lamented the condition of UE BizHub City, the former UE Square, on Clemenceau Avenue.

SINGAPORE (Jan 4): Perennial Real Estate Holdings has launched and priced an issue of $120 million in fixed rate notes due 2021.

SINGAPORE (Jan 3): A Perennial Real Estate-led consortium has taken the first step to develop US$1.2 billion ($1.61 billion) worth of integrated healthcare property mega mixed developments in China linked by high speed railway (HSR) network.

SINGAPORE (Nov 9): DBS is maintaining its “buy” rating on Perennial Real Estate Holdings with $1.05 target price given the stock currently trades at 0.5x P/BV, offering upside as it gradually realises its RNAV potential.

SINGAPORE (Aug 17): CEO Ching Chiat Kwong of Oxley Holdings has continued scooping up shares of United Engineers despite saying he does not plan to make a competing offer.

SINGAPORE (Aug 8): Perennial Real Estate Holdings has announced 2Q17 earnings surged to $17.1 million compared to $0.6 million a year ago.