divestment
Advancer Global Limited divests G3 Environmental Private Limited
The company, along with two other shareholders of G3, sold it for $22m.
DBS Bank offloads 64,700 shares in Hutchison Port Holdings Trust
Its stake after divestment stood at 0.809%.
Fullerton sells 115,100 units in CapitaLand Ascendas REIT
The divestment will reduce its stake in the REIT to 17.99%.
Keppel's Jencity divests 70% stake in Saigon Sports City Limited
Post divestment, Jencity will still have a 30% stake in SSCL.
CapitaLand Investment to divest 50% stake in ION Orchard to CICT
It will have recycled $3.6b in capital year-to-date following the divestment.
Far East Group divests Penang property to Oxford Capital for $716k
The asset comprises a two-storey shophouse.
ESR-LOGOS sells 81 Tuas Bay Drive for $35m, gains 16.7% above valuation
It expects to complete the divestment in Q4 2024.
Mapletree Logistics Trust divests 119 Neythal Road warehouse for $13.8m
The company will complete the divestment by 2Q FY24/25.
Cromwell Property Group divests its entire CEREIT stake to Stoneweg
It sold 156,233,700 units at €1.52 per unit.
Prime US REIT divests One Town Center to Miles Capital for US$82m
It sold the property below its valuation.
Tuan Sing Holdings unit acquires Fraser Residence River Promenade for $140.9m
Frasers Property Limited expects to complete the divestment by 31 March 2025.
GuocoLand unit sells stake in Eco World International for $61m
The subsidiary held a 27% stake in Eco World International.
Mapletree Logistics Trust divests Tuas property for $10.5m
It sold the 25-year-old property above valuation.
Keppel unit divests shares in Dyna-Mac for $100m
The subsidiary had 23.91% shares in Dyna-Mac.
ARA H-Trust to divest two Hyatt hotels for $42m
The REIT will use net proceeds to repay debt or acquire new properties.
Cromwell European REIT offloads Finnish and Italian assets for $10.5m
The assets were sold for $7.9m and $2.63m, respectively.
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