First Sponsor is paying €20 per share for a 10.65% stake in NSI
First Sponsor Group is paying €42.9 million ($62.5 million), or €20 per share, to increase its stake in a listed Netherlands property company NSI by 10.65%.
According to Hong Leong-backed First Sponsor Group, the NTA of the shares to be acquired is €75.6 million.
In a stock exchange announcement released on May 4, First Sponsor Group says it already owns...
First Sponsor Group is paying €42.9 million ($62.5 million), or €20 per share, to increase its stake in a listed Netherlands property company NSI by 10.65%.
According to Hong Leong-backed First Sponsor Group, the NTA of the shares to be acquired is €75.6 million.
In a stock exchange announcement released on May 4, First Sponsor Group says it already owns...
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million.
Venture Corporation has reported a net profit of $60.1 million for the 1QFY2024 ended March 31, 18.3% lower than the net profit of $73.6 million in the corresponding period the year before.
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million from the revenue of $821.7 million the year before. The drop in the quarter’s revenue was due to lower custo...
Venture Corporation has reported a net profit of $60.1 million for the 1QFY2024 ended March 31, 18.3% lower than the net profit of $73.6 million in the corresponding period the year before.
Revenue for the quarter fell by 18.9% y-o-y to $666.7 million from the revenue of $821.7 million the year before. The drop in the quarter’s revenue was due to lower custo...
The financial conglomerate structure is not for everyone in the 2020s; some see it as left over from the 20th century
During Oversea-Chinese Banking Corp’s 2024 AGM, chairman Andrew Lee likened OCBC to a .
On Feb 1, CEO Loh Chin Hua, CEO of Keppel (it dropped Corp to distance itself from being a conglomerate), pointed out that during 2023, Keppel “unveiled the next phase of our Vision 2030 transformation, shedding o...
During Oversea-Chinese Banking Corp’s 2024 AGM, chairman Andrew Lee likened OCBC to a .
On Feb 1, CEO Loh Chin Hua, CEO of Keppel (it dropped Corp to distance itself from being a conglomerate), pointed out that during 2023, Keppel “unveiled the next phase of our Vision 2030 transformation, shedding o...
The campus is currently 100% leased with a main tenant, Deutsche Telekom, whose lease will expire in December 2024.
At its results briefing for the , the manager of IREIT said that it is still looking to diversify its portfolio but remain within Western Europe.
Among its plans is the repositioning of the REIT’s freehold Berlin Campus, which measures 79,097 sqm in total. The campus is currently 100% leased with a main tenant, Deutsche Te...
At its results briefing for the , the manager of IREIT said that it is still looking to diversify its portfolio but remain within Western Europe.
Among its plans is the repositioning of the REIT’s freehold Berlin Campus, which measures 79,097 sqm in total. The campus is currently 100% leased with a main tenant, Deutsche Te...
Access to funding will be critical for Asia—which consumes more than three-quarters of the world’s coal—to reach net zero.
Singapore has made ambitious pledges to achieve net zero emissions domestically, but as a hub for green finance and infrastructure funding, the country can have an outsized impact on the energy transition in Asia.
Access to funding will be critical for Asia—which consumes more than three-quart...
Singapore has made ambitious pledges to achieve net zero emissions domestically, but as a hub for green finance and infrastructure funding, the country can have an outsized impact on the energy transition in Asia.
Access to funding will be critical for Asia—which consumes more than three-quart...
The acquisition is expected to be accretive to CLINT's DPU.
The manager of CapitaLand India Trust Cy6u (CLINT) has entered into a forward purchase agreement with Hyderabad property developer Phoenix Group to acquire IT buildings with a total leasable area of 2.5 million sq ft. The buildings are located in the tech hub, Hyderabad Information Technology and Engineering Consultancy City (HITEC City).
As par...
The manager of CapitaLand India Trust Cy6u (CLINT) has entered into a forward purchase agreement with Hyderabad property developer Phoenix Group to acquire IT buildings with a total leasable area of 2.5 million sq ft. The buildings are located in the tech hub, Hyderabad Information Technology and Engineering Consultancy City (HITEC City).
As par...
Adjusted ebitda grew by 3.8% to $130.7 mil for the quarter.
The manager of Keppel Infrastructure Trust A7ru (KIT) has reported an adjusted ebitda of $130.7 million for the 1QFY2024 ended March 31, 3.8% higher y-o-y. The figure excludes one-off adjustments of acquisition-related costs, unrealised exchange gains and performance fees.
Without the adjustments, group ebitda came in at $118.8 million with contributions from the Keppel Merl...
The manager of Keppel Infrastructure Trust A7ru (KIT) has reported an adjusted ebitda of $130.7 million for the 1QFY2024 ended March 31, 3.8% higher y-o-y. The figure excludes one-off adjustments of acquisition-related costs, unrealised exchange gains and performance fees.
Without the adjustments, group ebitda came in at $118.8 million with contributions from the Keppel Merl...
The drop was due to an enlarged equity base.
The manager of Elite Commercial REIT has reported a distribution per unit (DPU) of 0.67 British pence (1.1 cents) for the 1QFY2024, 21.2% lower y-o-y due to an enlarged equity base from the preferential offering completed on Jan 18.
Distributable income fell by 3.5% y-o-y to GBP4.4 million.
Revenue for the 1QFY2024 inched up by 0.8% y-o-y to GBP9.2 million with the growth in r...
The manager of Elite Commercial REIT has reported a distribution per unit (DPU) of 0.67 British pence (1.1 cents) for the 1QFY2024, 21.2% lower y-o-y due to an enlarged equity base from the preferential offering completed on Jan 18.
Distributable income fell by 3.5% y-o-y to GBP4.4 million.
Revenue for the 1QFY2024 inched up by 0.8% y-o-y to GBP9.2 million with the growth in r...
At $1 billion, this is the largest amount offered year to date.
The average yield for the latest tranche of the 10-year Singapore Savings Bond (SSB) surged to 3.33%, up from an average of 3.06% at last month’s auction. This is the highest average rate since the November 2023 tranche.
That said, this is still shy of December 2022’s 3.47% peak.
The latest tranche of bonds, which will be issued on June 3, bear a...
The average yield for the latest tranche of the 10-year Singapore Savings Bond (SSB) surged to 3.33%, up from an average of 3.06% at last month’s auction. This is the highest average rate since the November 2023 tranche.
That said, this is still shy of December 2022’s 3.47% peak.
The latest tranche of bonds, which will be issued on June 3, bear a...
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ColumnsDBS, POSB internet banking services down for some, two days after MAS’s suspension was lifted
The evening disruption comes just hours after DBS announced yet another record net profit of $2.96 billion for 1QFY2024.
DBS and POSB internet banking and payment services are currently down for some users. As of 6.45pm, some users are unable to log in via the DBS digibank and PayLah! Apps. Instead, a notice on the app reads: “Access to digital services is currently unavailable. We are resolving the iss...
DBS and POSB internet banking and payment services are currently down for some users. As of 6.45pm, some users are unable to log in via the DBS digibank and PayLah! Apps. Instead, a notice on the app reads: “Access to digital services is currently unavailable. We are resolving the iss...