A joint venture company formed by two SGX-listed property developers has made a cash offer to acquire LCD Global Investments. Aspial Corp and Fragrance Group formed a firm called AF Global to bid for the mainboard-listed company that operates high-end hotels, resorts and serviced residences in Asia and the UK. In a filing to the Singapore Exchange on Monday (Jan 12), AF Global has offered 33 cents per...
Aspial
SGX-listed Aspial Corp has acquired a property in Melbourne, Australia, which it plans to redevelop into the city’s tallest building. The A$42.3 million (S$48 million) deal is for a freehold low-rise commercial building in downtown Melbourne which has a total land area of about 2,625 square metres. In a statement on Wednesday, Aspial said the property has two active planning permits, of which one...
Jeweller and property developer Aspial said on Friday it was buying some properties in the vicinity of Lorong Chuan. Through its subsidiary, World Class Land, the firm is buying several plots, together with the premises at 101 and 103 Cardiff Grove for some S$31.63 million. The land was on Thursday offered for sale by tender. Aspial said it intended to develop a 180-unit condominium at the newly...