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Perennial Real Estate Holdings (SGX: 40S), a Singapore company, announced a $1.2 billion joint venture that will acquire and develop healthcare centers in China. It plans to concentrate on integrated mixed-use developments, centered around healthcare, that are connected to China high speed railway stations. Perennial is already building two such properties, one in Chengdu and the other in Xi'an. Its major partner in the JV will be Shun Tak Holdings (HK: 242), a Hong Kong conglomerate. (253-1)
Jan 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2135 GMT on Thursday: (49-1)
Jan 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday: ** Robert Bosch GmbH, the German auto supplier and engineering group, said it had agreed to buy a 5 percent stake in HERE, the digital mapping firm jointly controlled by carmakers BMW, Daimler and Volkswagen’s Audi. ** Shun Tak Holdings Ltd said it would team up with Perennial Real Estate Holdings Ltd and other firms in Singapore and Thailand to jointly invest up to $1. (29-0)
Buying rose for the third straight week as 58 companies recorded 329 purchases worth HK$580 million (US$74.29 million)
In an increasingly competitive global environment, second generations of Aisan tycoons find it difficult to keep their parents’ businesses flourishing
Macau Property Opportunities Fund Limited announces its results for the period ended 31 December 2016. The Company, which is managed by Sniper Capital Limited, develops and invests in property opportunities in Macau.
Tycoon Joseph Lau Luen-hung, in spite of concerns over his health, has unseated Thomas and Raymond Kwok to rank fourth among Hong Kong’s top 50 richest people, according to Forbes’ annual list of individuals and families that control the most wealth in the city.
Lee Shau Kee in Henderson Land, Raymond Kwok in Sun Hung Kai Properties, Victor Li in Cheung Kong Infrastructure, and Daisy Ho in Shun Tak Holdings
The project will feature offices, shopping, hotel accommodation and arts and cultural centre on a 133,500 square metre site in the Shanghai free-trade zone
This replaces announcement number 3817K released at 07.00 BST on 21 September 2016. Under Financial Highlights, the third bullet point has been amended to read "IFRS NAV was US$106.6 million or US$1.40 (105 pence*) per share, a 30% drop over the reporting period", and the third bullet point now reads "Share price discount to Adjusted NAV per share widened from 17% to 53%, based on the Fund's share price of 105 pence at the period end".
Macau Property Opportunities Fund Limited announces its results for the year ended 30 June 2016. The Company, which is managed by Sniper Capital Limited, develops and invests in real estate opportunities in Macau.
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Property investment sales have risen 18.2 per cent to $9.56 billion over the same period last year, according to CBRE. Foreign investors were more active buyers, accounting for 59.5 per cent of the deals by value, or about $5.68 billion.
Within two weeks last month, two foreign players committed a total of some $1.3 billion in real estate investment, putting a focus on their growing presence here.
THE Hong Kong-listed conglomerate founded by gambling billionaire Stanley Ho has made its first foray into the Singapore property market, and it is certainly an attention-grabber.