An asset light business model lowers operating costs and risks. However Sheng Siong has went against the odds. Sheng Siong announced the acquisition of a property in Bedok Town Centre for S$53 million. The property is …
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Stock news such as companies quarterly financial results or stock market related news.
Cambridge Industrial Trust Divest 23 Tuas Avenue 10
On 11th April 2016, Cambridge Industrial Trust announced the plans to divest 23 Tuas Avenue 10 for S$16.5 million. The original price that Cambridge Industrial Trust bought the asset was S$8.55 million. This represents a gain …
Continue readingOUE Hospitality Trust Rights Issue Over Subscribed
On 6th April 2016, OUE Hospitality Trust announced that the rights issue was 139.9% subscribed. I have taken up the rights and should see the stapled securities being added to my Central Depository by Wednesday, 13th April …
Continue readingKingsmen Creatives New Group Chief Executive Officer
After writing this post (My Personal Analysis of Kingsmen Creatives), I received notification in my mail box with regards to some changes in Kingsmen Creatives management. Kingsmen Creatives was established in 1976 by Mr Benedict …
Continue readingParkway Life REIT Purchase New Japan Nursing Home
On 24th March 2016, Parkway Life REIT announces the purchase of a new nursing home facility, “Silver Heights Hitsujigaoka Ichiban-kan & Nibankan” for JPY1,100 million. This is approximately S$13.6 million. Location The nursing home facility is …
Continue readingST Engineering Contract Win with TERREX 2
On 17th March 2016, ST Kinetics, the land systems arm of ST Engineering announces that they have been awarded the contract for 13 prototypes of the amphibious combat vehicle Terrex 2 by the US Marine Corps. The 13 …
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