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e-Shang acquires 80% indirect interest in Cambridge Industrial Trust manager

18 Jan 2017 - Business Times Breaking News
CAMBRIDGE Industrial Trust Management Limited, manager of Cambridge Industrial Trust (CIT), announced in a Singapore Exchange filing??that nabInvest Capital Partners Pty Limited and CREIM Limited have agreed to sell their aggregate 80 per cent indirect interest in the manager to e-Shang Infinity Cayman ...
J91U

Broker's take: CCT gets boost from higher stake in CapitaGreen, says OCBC

18 Jan 2017 - Business Times Breaking News
CAPITALAND Commercial Trust's (CCT) fourth-quarter results for 2016 was deemed mostly within expectations, according to a note by OCBC Investment Research. Distributable income increased 10.1 per cent year on year mainly due to increased contributions from its higher stake in CapitaGreen. Its estimated ...
C61U

First REIT: Tops Off FY2016 With Record DPU Of 8.47 Cents.

18 Jan 2017 - ShareInvestor Express
First Real Estate Investment Trust posted a gain of 2.0% in annual distribution per unit to 8.47 Singapore cents for the financial year ended 31 December 2016, buoyed by a full-year contribution from the Kupang Property, comprising Siloam Hospitals Kupang and Lippo Plaza Kupang, acquired in December ...
AW9U

IEV: Negotiates Amendment To Gas Supply Agreement With PT Rabana.

18 Jan 2017 - ShareInvestor Express
IEV Holdings Limited and PT Rabana Gasindo Makmurhave agreed to a reduction of gas supply in the wake of the low oil price environment. This amendment to the Supply Agreement is expected to have taken effect from 2 January 2017...
5TN

CCT: 4Q 2016 DPU Rose 10.1% Y-o-Y To 2.39 Cents.

18 Jan 2017 - ShareInvestor Express
CapitaLand Commercial Trust is pleased to report an estimated distribution per unit of 2.39 cents for the financial quarter ended 31 December 2016. This translates to DPU growth of 10.1% year-on-year and 6.7% above the forecast 4Q 2016 DPU of 2.24 cents stated in CCT's circular to unitholders dated 21 ...
C61U

Stocks to watch: Capitaland Commercial Trust, First Reit, Pacific Century

18 Jan 2017 - Business Times Breaking News
THE following companies made announcements before the market opened on Wednesday that could affect the trading of their shares: Capitaland Commercial Trust (CCT) on Wednesday posted a distribution per unit (DPU) of 2.39 Singapore cents for the financial quarter ended Dec 31 (Q4 2016). This translates ...
AW9U C61U P15

Higher stake in CapitaGreen boosts CCT's earnings in Q4

18 Jan 2017 - Singapore Business Review
The group's distributable income increased 10.1%. Capitaland Commercial Trust got a shot in the arm from its increased stake in CapitaGreen, according to OCBC Investment Research. "The trust reported an estimated DPU for the quarter of 2.39 S-cents which similarly grew 10.1% YoY and as a result, FY16 ...

E-Shang Redwood buys 80% in Cambridge Industrial Trust

18 Jan 2017 - DealStreetAsia
Warburg Pincus-backed pan-Asian logistics real estate developer, owner and operator ESR (e-Shang Redwood) has reached a deal to buy 80 per cent indirect stake in the manager of Cambridge Industrial Trust (CIT) from National Australia Bank and investment firm Oxley Group. The deal also marks e-Shang Redwood’s ...
J91U

GIC hits snag on Vietnam deal approval

18 Jan 2017 - Singapore Business Review
It agreed to purchase 7.7% of Bank for Foreign Trade of Vietnam JSC. Singapore sovereign fund GIC Pte has hit a snag as it seeks government approval for its planned investment in Bank for Foreign Trade of Vietnam JSC, the nation’s biggest lender by market value, people with knowledge of the matter said. ...

2 reasons why SPH's media business is on a slump

18 Jan 2017 - Singapore Business Review
Weak business sentiment lowers spending on display ads. The growth in Singapore Press Holdings' earnings is largely dependent on its media business, which is highly affected by the city-state's economic prosperity of Singapore. According to UOB KayHian, the group's media revenue was down 9%, led by a ...
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