Merger of OUE Commercial REIT and OUE Hospitality Trust takes effect
OUE Commerical REIT and OUE Hospitality Trust’s merger took effect Wednesday, creating a REIT with assets of around S$6.9B, the two REITs said Wednesday.
OUE Commerical REIT and OUE Hospitality Trust’s merger took effect Wednesday, creating a REIT with assets of around S$6.9B, the two REITs said Wednesday.
These are Singapore companies which may be in focus on Monday, 2 September 2019: DBS, Frasers Property, Ascott Residence Trust and CRCT.
These are Singapore companies which may be in focus on Thursday, 15 August 2019: Thai Beverage, Yangzijiang, Sembcorp, OUE and Accordia Golf.
These are Singapore stocks which may be in focus on Wednesday, 14 August 2019: Wilmar, ComfortDelGro, MUST, Yanlord, OUE and Accordia Golf.
OUE Hospitality Trust reported Tuesday its 2Q19 net profit income declined 4.5% on-year amid lower contributions from the hospitality and retail segments.
Around 89.67% of OUE’s S$150M 3.0% exchangeable bonds due 2023, or S$134.5M worth, were tendered for redemption, the property developer said Wednesday.
OUE invited holders of its S$150M 3 percent exchangeable bonds due 2023 to tender the securities for early redemption, the property company said Tuesday.
OUE Hospitality Trust reported Thursday its 1Q19 net property income fell 2.2% on-year to S$27.7M amid lower hospitality income and higher interest expense.
OUE Commercial REIT and OUE Hospitality Trust said on Monday they were proposing a merger which would create one of the largest diversified S-REITs.
Singapore competition regulators fined the owners and operators of several hotels, saying that they shared pricing details on their corporate customers.
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These are the Singapore stocks in focus on Friday, 1 June 2018: Sembcorp Industries Sembcorp Industries said it reached a deal to acquire British flexible…
Singapore’s shares will start trade on Thursday with a negative lead from Wall Street and a mixed bag of earnings from local companies. Japan’s market…