HYFLUX SAGA

Potential Hyflux investor Pison says unsecured working group of seven creditor banks reluctant to engage it

POTENTIAL Hyflux investor Pison Investments on Tuesday said it has received 158 tender application forms from noteholders and other eligible creditors, but that efforts to engage with the unsecured working group (UWG) of seven banks have failed.

Quarz ups stake slightly in Sabana Reit

QUARZ Capital has raised its stake in Sabana Reit slightly from 5 per cent as it stood in late July to 6 per cent on Monday.

Quarz ups stake slightly in Sabana Reit, restates plan to vote down ESR-Reit merger

QUARZ Capital has raised its stake in Sabana Reit slightly from 5 per cent as it stood in late July to 6 per cent on Monday.

Pison receives 158 tenders from Hyflux creditors, puzzles over UWG's reluctance to engage

POTENTIAL Hyflux investor Pison Investments on Tuesday said it has received 158 tender application forms from noteholders and other eligible creditors to date, but efforts to engage with the unsecured working group (UWG) of seven banks have fallen through.

Gigged out

After his usual gigs dried up, freelance performance artiste Stanley Seah was ready to dig into his savings amassed during the "bumper years" – until a friend introduced him to temporary work as a night-shift manager at a foreign worker dormitory in Tuas. 

Darco minorities renew protests against deputy chairman

DARCO Water Technologies' minority shareholders have fired back at non-executive deputy chairman and controlling shareholder Wang Zhi, following his comments, made in an interview in The Business Times, that the minorities were hampering the company's growth.

Darco minorities renew protests against deputy chairman

DARCO Water Technologies' minority shareholders have fired back at non-executive deputy chairman and controlling shareholder Wang Zhi, following his comments, made in an interview in The Business Times, that the minorities were hampering the company's growth.

HOCK LOCK SIEW

Singapore Exchange can offer diversity as other exchanges enter Reit game

WITH the recent launches of real estate investment trust (Reit) regimes in the Philippines and India, and with China slated to launch its own pilot programme for Reits at the end of this year, Singapore may have to work harder to attract regional Reit listings. But there are also hurdles for...

CMT, CCT sweeten merger deal for unitholders

CAPITALAND Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) on Friday announced deal sweeteners for their proposed merger, such as higher accretion to their respective distribution per unit (DPU), and the decision of CMT's manager to completely waive the acquisition fee of S$111.2 million...

BT EXCLUSIVE: VIRUS OUTBREAK

More retail and hospitality space being converted to office use

THE blurring of lines between property asset classes to optimise the use of real estate will become more commonplace, especially for retail and hospitality landlords whose properties face steep challenges because of Covid-19.

Ayala Reit's IPO to blaze trail for other Philippine issuers

AYALA Land Reit (AReit) had a rough ride listing on the Philippine Stock Exchange (PSE) in August, being the first-ever issuer to lodge a Reit initial public offering (IPO) in the Philippines, and in the midst of the Covid-19 uncertainty no less.

Minority shareholders hampering Darco's growth, says deputy chairman

THREE years after Darco Water Technologies decided it would try for more long-term concession projects to raise its income stability, it has little to show for its efforts.

Industrial Reits outperform in challenging first half

INDUSTRIAL Reits - particularly those with data centre, logistics and business park assets - have proven to be the most resilient, outperforming the rest of the Singapore Reit (S-Reit) sector in the first half of this year, with retail and hospitality Reits bearing the brunt of the Covid-19...

VIRUS OUTBREAK: SUPPORT MEASURES

Built sector highlights other rising costs even as job support extended

CONSTRUCTION firms welcomed the extension to the Jobs Support Scheme (JSS), although not all are sure that it will be sufficient to get them back on their feet in seven months' time.

Darco's ex-CEO says allegations undermine his contributions

THE former CEO of Darco Water Technologies Thye Kim Meng on Friday responded to Darco's allegations that he had breached his duties to the company in relation to a water and solar project.

UOL's H1 reverses to S$82.1m net loss due to Covid-19 impact

PROPERTY company UOL reversed to a net loss of S$82.1 million for its first half ended June 30, compared to a profit of S$267.7 million in the same period last year.

UOL posts net loss in H1 FY20 due to Covid-19 impact

PROPERTY company UOL has sunk into the red with net losses of S$82.1 million for its first half ended June 30, 2020, compared to a net profit of S$267.7 million a year ago.

VIRUS OUTBREAK

Construction firms tell of the delays and triumphs in managing workers

THE Building and Construction Authority (BCA) on Wednesday announced measures to hasten the restart of on-site construction work, in a bid to end the delays that construction companies have encountered in recent months.

HOCK LOCK SIEW

With Sabana Reit merger in question, will ESR move on to next target?

AN observer to the tussle between ESR-Reit and activist unitholders at Sabana Reit has described the proposed merger between the two Reits as being "in the intensive care unit".

TOPLINE

Reits in high-growth markets should gun for short leases: KORE CEO Snyder

DAVID Snyder, the CEO of Keppel Pacific Oak US Reit (KORE), doesn't believe in long weighted average lease expiries (WALEs), because he thinks it prevents landlords from realising positive rent increases for good properties located in strong markets.

Chip Eng Seng reverses to losses in H1 2020 on Covid-19 impact

PROPERTY development and construction firm Chip Eng Seng on Monday posted a net loss of S$24.4 million for its first half ended June 30, reversing from a net profit of S$15.2 million a year ago.

Hong Leong Asia bags 97.23% of Tasek at close of offer

HONG Leong Asia on Monday said it has garnered 97.23 per cent shareholding in cement manufacturer Tasek Corp Bhd as at the close of the unconditional voluntary takeover offer.

CGS-CIMB drops target price on loss-making AirAsia X to zero

CGS-CIMB has cut its target price on AirAsia X Berhad (AAX) to zero on a "reduce" rating, following its dismal first-quarter results and amid fears that the budget carrier would fail to secure much-needed funding.

Hyphens Pharma expands brand portfolio with hair-loss products

HYPHENS Pharma on Monday said that it has procured all rights, titles and interests in the trademarks of hair-loss products CG 210 and CG4S from Legacy Healthcare (Switzerland) for Singapore and Malaysia, paving the way for it to sell and distribute the CG 210 product series and the CG4S shampoo...

TA Corp expects 'significant net loss' for H1 2020

PROPERTY and construction firm TA Corporation on Monday flagged that it expects to report a "significant net loss" for H1 2020 and consequently, expect a loss for the full year ending Dec 31, 2020.