Real Estate Development & Operations

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Global Logistic Properties Ltd announces change of interest in indirect wholly-owned subsidiaries

Wednesday, 11 Feb 2015 05:03am EST

Global Logistic Properties Ltd:Says through its subsidiary, Japan Logistic Properties 2 Pte. Ltd transferred its entire 100 pct stake in Suita One Pte. Ltd to GLP Japan Development Singapore Holdings Pte. Ltd for a total cash consideration of 1,000,000 yen.And transferred its entire 100 pct stake in Hirakata Three Pte. Ltd to GLP Japan Development Singapore Holdings Pte. Ltd , for a total cash consideration of 10,000 yen.Says the considerations for the transfers were funded from internal resources.Says following the above transfers, each of Suita One and Hirakata Three will cease to be a subsidiary of JLP2 and an indirect subsidiary of the company and will become an indirect jointly-owned entity of the company.

FirstService announces plan to separate into two independent public companies

Tuesday, 10 Feb 2015 04:00pm EST

FirstService Corp:Announced that its Board of Directors has approved, in principle, a plan to separate FirstService into two independent publicly-traded companies - Colliers International and FirstService Corporation, the North American residential property management and services.After the separation, FirstService Corporation will be comprised of the current FirstService Residential and FirstService Brands divisions.Says the spin-off transaction, which is being structured as a tax-free distribution to shareholders, will create two market leaders with distinct brands, customers, operating characteristics.

CapitaLand Limited announces dissolution of dormant wholly-owned subsidiary CL Europe Pte Ltd

Tuesday, 10 Feb 2015 06:08am EST

CapitaLand Limited:Says its dormant subsidiary incorporated in Singapore, CL Europe Pte Ltd (CLE), which was placed under members’ voluntary liquidation, has been dissolved.

UOL Group Ltd announces member’s voluntary liquidation of subsidiary

Monday, 9 Feb 2015 04:24am EST

UOL Group Ltd:Says its dormant subsidiary, Kings & Queens Development Pte. Ltd., has been liquidated pursuant to member’s voluntary liquidation.

CapitaLand Limited announces dormant wholly-owned subsidiary in members' voluntary liquidation - CapitaRetail Gurney Sdn. Bhd.

Friday, 6 Feb 2015 04:41am EST

CapitaLand Limited:Says that it is placing under voluntary liquidation its dormant wholly-owned subsidiary incorporated in Malaysia, CapitaRetail Gurney Sdn. Bhd. (CGSB).

Cheung Kong (Holdings) Ltd proposes to reorganize its structure

Wednesday, 4 Feb 2015 07:00pm EST

Cheung Kong (Holdings) Ltd:Proposes to reorganize its structure by making CKH Holdings its new holding company.Shareholders will receive one CKH Holdings share for every existing share held.Proposes number of transactions after completion of reorganization proposal.Firstly, Husky sale shares purchaser will acquire from Husky sale shares vendor about 6.24 pct of Husky shares.Consideration for acquisition will be satisfied by issue of 84,427,246 new CKH Holdings shares.CKH Holdings will also make conditional share exchange offer to Hutchison scheme shareholders for cancellation of all Hutchison scheme shares by way of Hutchison scheme.Pursuant to Hutchison scheme, all Hutchison scheme shares will be canceled and extinguished and Hutchison scheme shareholders will receive new CKH Holdings shares.On completion of Hutchison proposal, Hutchison will become wholly-owned subsidiary of CKH Holdings.After completion of Hutchison proposal, group property businesses will be transferred to CK Property group wholly owned by CKH Holdings.After property businesses combination, CKH Holdings shareholders will receive CK Property shares at ratio of one CK Property share for every CKH Holdings share held.Application will be made by CK Property to stock exchange for listing of CK Property shares on Main Board by way of introduction.

CapitaLand Limited announces dissolution of dormant wholly-owned subsidiary, CapitaLand UK Holdings Limited

Wednesday, 4 Feb 2015 04:40am EST

CapitaLand Limited:Announces that its dormant wholly-owned subsidiary incorporated in United Kingdom, CapitaLand UK Holdings Limited (CLUKH), which was placed under members’ voluntary liquidation, has been dissolved.

Tribona AB says refinances majority of loans ahead of schedule

Thursday, 29 Jan 2015 02:00am EST

Tribona AB:Refinances the majority of its loans ahead of schedule.Announces that it has reached an agreement with three of its existing lenders Swedbank, Aareal and Sparbanken Skane, which accounts for about 85 percent of the company's loan portfolio, to refinance existing loan agreements ahead of schedule.The purpose of the refinancing has been to reduce the company's refinancing risk by extending and spreading the maturities of the loan portfolio and to renegotiate the current high margins.After the refinancing, its average margin amounts to 1.90 percent, compared to previously 2.59 percent.Based on the conditions as per Dec. 31, 2014 the total average interest cost (including cost of interest rate hedges) decreases from 5.52 percent to 4.72 percent. The average maturity will be 3.5 years compared to 1.8 years at Dec. 31, 2014.

Tropicana Corporation Bhd announces change in TCB Group Structure

Wednesday, 28 Jan 2015 07:00pm EST

Tropicana Corporation Bhd:Says it has divested the two ordinary shares of 1.00 Ringgit each representing 100 pct of the total issued and paid-up share capital of Noble Kinetic Sdn Bhd (NKSB) to Tropicana Metropark Sdn Bhd (TMSB) for a total cash consideration of 2.00 Ringgit only.Says upon the divestment, NKSB has become a subsidiary of TMSB, which in turn is a subsidiary of TCB.Says the divestment of NKSB is to facilitate the operations of TCB Group.

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