Hongkong Land Holdings, which owns a stake in the biggest developer of Marina Bay Financial Centre (MBFC), will seek more commercial plots in Singapore, as tenants seek to upgrade to new buildings. Hongkong Land, as part of a venture with Cheung Kong Holdings and Keppel Land, is eyeing land purchases in Singapore’s prime office areas when the Government puts them up for sale, the company’s Executive...
Hongkong Land
Hongkong Land Holdings Limited today announced that its wholly-owned subsidiary, The Hongkong Land Company, Limited, has priced US$500 million of 10-year Notes that are to be issued through its wholly-owned subsidiary, The Hongkong Land Finance (Cayman Islands) Company Limited. The Hongkong and Shanghai Banking Corporation Limited, Mitsubishi UFJ Securities International plc and Standard Chartered Bank...
Mainboard-listed Hongkong Land said its exit offer to shareholders of takeover target MCL Land is now 'unconditional'. This follows the passing of a resolution at MCL's extraordinary general meeting on Tuesday to approve the proposed voluntary delisting of MCL Land from the Singapore Exchange. For stockholders who have already accepted the exit offer of S$2.45 per stock unit, payment will be made by...
Shares of residential property developer MCL Land jumped 25.6 per cent to close at $2.45 on Friday, a day after parent company Hongkong Land said it planned to delist the counter from the Singapore Exchange. Dealers said the rise in share price was expected as investors moved in to narrow the gap between its last traded price and the offer price of $2.45 by Hongkong Land to take the firm private. Around...
Hongkong Land on Thursday said it wants to acquire all the remaining shares that it does not already own in MCL Land and delist it from the Singapore Exchange. The exit offer is at a total cost of S$205 million, or S$2.45 per share. HongKong Land currently owns 77.4 per cent of MCL Land through its subsidiary, HKL MCL. The company said it will fund the proposed acquisition from existing cash...
Hongkong Land has posted a net profit of nearly US$$1.4 billion for the first six months of its fiscal year. This overturns a loss of US$402.4 million in the year ago period while revenue for the same period stood in at US$765.1 million. This was a 46.7 per cent increase when compared to the same period a year ago. The group attributes the growth to relatively robust demand for office and retail space...