Markets & Investing
KIT to acquire 98.6% stake in Victoria, Australia’s largest bus service business
The business trust will acquire the business for an enterprise value of $540m.
KIT to acquire 98.6% stake in Victoria, Australia’s largest bus service business
The business trust will acquire the business for an enterprise value of $540m.
Sabana REIT schedules extraordinary general meeting for requisition notice
Details of the meeting have yet to be finalised.
Keppel’s net profit soars to a record high of $4.1b in FY23
The company said its FY23 net profit is its highest in history.
CapitaLand Ascendas REIT’s distributable income dips 1.4% to $654.4m in FY23
With lower income, the REIT declared a lower DPU of $0.15160.
Lendlease Global Commercial REIT’s NPI soars 22.2% YoY to $93.4m in 1H24
Despite higher NPI, the REIT declared a lower DPU of $0.0210.
Digital Core REIT declares 7.0% YoY lower DPU in FY23
The REIT also recorded a 7.3% YoY lower distributable income of US$41.5m.
Parkway Life REIT’s net property income climbs 14.1% to $139.1m in FY23
With improvement in NPI, the REIT recorded a 2.7% YoY higher DPU.
SGX Securities launches 1st active ETF
Singapore welcomed the listing of Lion-Nomura Active ETF.
Keong Hong Holdings posts $50.8m net loss in FY23
The company’s net loss rose 9% year-on-year.
Antler commits $5.1m pre-seed funding to 37 startups in Southeast Asia
The portfolio of startups spans 19 sectors.
IREIT divests office asset in Barcelona for $35.5m
The sale price was 6.1% above the property’s latest valuation.
AIMS APAC REIT’s net property income climbs 6.3% YoY to $97.8m in 9M24
Despite higher NPI, the REIT recorded a 4.1% YoY lower distribution per unit.
RHT Health Trust delists from SGX-ST
It took effect on 31 January, 9 am.
Singapore is APAC's top cross-border investor in 4Q23
Despite this, Singapore's investment volume fell 29% YoY in 4Q23.
Frasers Centrepoint Trust raises $200m in private placement
The private placement was 2.5 times covered.
ProsperCap starts SGX Catalist trading
This came following its takeover of 3Cnergy Limited.
Singapore cap rates remain steady in 4Q23
The gross yield of commercial properties in Singapore ranges from 3.00%-6.25%.
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