Singapore companies in focus on Friday, 18 March 2022:
- Daiwa House Logistics Trust updates on quake impact
- ARA US Hospitality Trust to divest Hyatt Place Chicago Itasca
- QT Vascular subsidiary to acquire three Eastern Dental Surgery clinics
Daiwa House Logistics Trust (DHLT)
Daiwa House Logistics Trust reported Thursday that its property manager in Japan has conducted a preliminary inspection of the trust’s properties after Wednesday’s strong earthquake.
ARA US Hospitality Trust
ARA US Hospitality Trust has entered a deal to divest the Hyatt Place Chicago Itasca (HPCI) to IHP Hospitality for US$7.75 million in cash, the REIT said in a filing to SGX Thursday.
QT Vascular‘s indirect 60 percent-owned subsidiary Eastern Dental Centre has entered a deal to acquire three Eastern Dental Surgery clinics in Singapore for S$1.26 million, the company said in a filing to SGX Thursday.
Credit cards may be one of Singapore’s aspirational five Cs, but plastic payments appear to be losing their allure around the region.
Singapore company briefs: Ho Bee Land, Singapore Exchange (SGX), Khong Guan, City Developments and Millennium & Copthorne Hotels New Zealand (MCK).
Singapore companies announcing executive changes: Banyan Tree Group, Far East Orchard, Ascent Bridge and GS Holdings.