Lower one-off income hits Keppel Reit's Q2 DPU

KEPPEL Reit's second-quarter distribution per unit (DPU) slipped 2.1 per cent to 1.39 Singapore cents, due mainly to lower one-off income from Ocean Financial Centre and lower revenue and net property income from Bugis Junction Towers.

Lower one-off income hits Keppel Reit’s Q2 DPU

KEPPEL Reit's second-quarter distribution per unit (DPU) slipped 2.1 per cent to 1.39 Singapore cents,  due mainly to lower one-off income from Ocean Financial Centre and lower revenue and net property income from Bugis Junction Towers.

COMMENTARY

Delistings and the 'independence' of IFAs

THE Singapore Exchange's (SGX) changes to the voluntary delisting rules do place more voting power in the hands of minorities, but as with most things, the devil is in the details.

Deutsche layoffs: impact in Singapore seen as muted

IMPACT at Deutsche Bank's Singapore operations will be more muted compared to other regional hubs such as Hong Kong, although the German lender declined to elaborate on the number of employees who will be affected here.

Prime US Reit is listing now because 'conditions have stabilised'

THE MANAGER of Prime US Reit is choosing to list the Reit now, after a long delay from earlier attempts last year, because market conditions have somewhat stabilised, said Barbara Cambon, chief executive officer and chief investment officer of the manager.

Prime US Reit priced unchanged from initial guidance at US$0.88 per unit

PRIME US Reit was priced unchanged from its initial guidance at US$0.88 per unit, representing a distribution yield of 7.4 per cent in 2019, and 7.6 per cent in 2020.

SIAS MASTER SERIES

SIAS to hold inaugural investment conference for accredited investors

THE Securities Investors Association (Singapore) is launching for the first time a Master Series Investment Conference for more sophisticated investors.

Hoe Leong: UOB's letter of demand won't affect its viability

THE board of Hoe Leong Corporation said a letter of demand received by its subsidiary, Arkstar Voyager, from United Overseas Bank (UOB) claiming repayment of about S$5.66 million, will not affect the group's ability to carry on its business as a going concern.

Alleged UOB loan default won’t affect group’s viability: Hoe Leong

THE board of Hoe Leong Corporation on Friday said that the letter of demand received by its subsidiary, Arkstar Voyager, from United Overseas Bank (UOB) claiming repayment of about S$5.66 million will not affect the group's ability to carry on its business as a going concern. 

Higher gearing limits will improve Reits' DPU

THE proposed higher leverage limits for real estate investment trusts (Reits) could lower overall cost of capital for the asset class, and allow room for portfolio growth, given the greater certainty of deal completions.

MAS seeks views on raising 45% leverage limits for S-Reits

IN A move to enable Singapore real estate investment trusts (S-Reits) to better compete against private capital and foreign Reits when making real estate acquisitions, the Monetary Authority of Singapore (MAS) is considering raising their current leverage limit of 45 per cent.

MAS mulls raising leverage limit for Singapore Reits

IN A move to help Singapore real estate investment trusts (S-Reits) better compete against private capital and foreign Reits when making real estate acquisitions, the Monetary Authority of Singapore (MAS) on Tuesday published a consultation paper proposing changes to their current leverage limit...

Minorities block Challenger's delisting; exit offer will lapse

THE voluntary delisting of consumer electronics retailer, Challenger Technologies, failed to go through on Thursday, as some 11.36 per cent of shareholders present at the extraordinary general meeting (EGM) voted against the resolution.

Challenger's voluntary delisting blocked by 11.36% vote; exit offer to lapse

THE voluntary delisting of consumer electronics retailer, Challenger Technologies, failed to go through on Thursday, as some 11.36 per cent of shareholders voted against the resolution.

HOCK LOCK SIEW

IPOs' day-one drop not always a flop in long run

HOW important is first-day share price performance as a metric to gauge the success, or failure, of a new listing?

Chinese Global Investors gets letter of demand from landlord over rental arrears

CATALIST-listed investment holding group Chinese Global Investors Group appears to be having some difficulty paying its rent and wages.

Landlord claims late rents, interests from loss-making Chinese Global Investors

THE board of Catalist-listed investment holding group, Chinese Global Investors Group, on Tuesday said that it has received a letter of demand from law firm Allister Lim & Thrumurgan (AL&T), claiming the sum of S$12,462.63 for the landlord, Ashford Investment, as arrears in rent and late...

NEWS ANALYSIS

Sembcorp-SembMarine debt deal raises some questions

SEMBCORP Industries' (SCI) S$2 billion on-lending to its subsidiary Sembcorp Marine (SMM) is essentially a lifeline thrown to the struggling shipbuilder, which only in recent quarters returned to the black. The exercise makes a lot of sense for SMM, but perhaps less clearly so from the view of...

SINGAPORE IPOs

Seven in 10 IPO stocks since 2017 trading underwater

ABOUT seven in 10 of the initial public offerings (IPOs) in Singapore since 2017 are trading below their offer prices, despite their initial first-day "pops".

Darco shareholders concerned about recent management changes: Sias

THE Securities Investors Association (Singapore) or Sias has asked to meet with the board of Darco Water Technologies to relay concerns expressed by shareholders about the company's direction and recent management changes, The Business Times (BT) has learnt.

HOCK LOCK SIEW

Will revelation foil Pangolin's bid to block delisting?

TWO weeks before an anticipated showdown that will determine if Challenger Technologies will stay on as a listed company, the party making the exit offer has played what it hopes is its trump card.

BT EXCLUSIVE

Mapletree planning up to 2 Reit listings in next five years

MAPLETREE Investments is planning to launch up to two more real estate investment trusts (Reits) in the next five years, amid what it perceives to be still-healthy demand for Reit initial public offerings (IPOs) on the Singapore bourse.

Attilan, Innopac served delisting notices

MAINBOARD-LISTED Attilan Group and Innopac Holdings on Thursday said they have been served delisting notifications after failing to meet the necessary requirements to remove themselves from the watch-list over the past 36 months.

YuuZoo says Indonesian investor has acquired 3% stake in its payment unit for US$5m

BELEAGUERED social media company YuuZoo Networks Group on Thursday said that during the time its shares were suspended from trading, the company had, nonetheless, signed an investment agreement for the sale of a 3.23 per cent stake in its fully-owned payment subsidiary, YuuPay Secure, for US$5...

Indonesian conglomerate buys 3.23% stake in YuuZoo's payment unit for US$5m

BELEAGUERED social media company YuuZoo Networks Group on Thursday said that during the time its shares were suspended from trading, the company had signed an investment agreement for the sale of a 3.23 per cent stake in its fully-owned payment subsidiary, YuuPay Secure, for US$5 million to an...