Ho Bee Land credits 'strategic' portfolio for cushion against Covid-19 impact

Singapore

MAINBOARD-LISTED developer Ho Bee Land said on Tuesday that the firm is "not as badly affected" by the virus outbreak on the back of its strategic and resilient portfolio.

This was in response to shareholders' questions that were submitted electronically prior to its annual general meeting on Tuesday. Its responses were submitted to the Singapore Exchange (SGX) after trading hours in a regulatory update.

"After the last Global Financial Crisis, we strategically built up a sizeable investment portfolio locally and overseas. The objective was to provide us with a resilient recurr…

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