Mainboard-listed property investment firm Japan Land said on Tuesday that its first quarter net loss has widened. For the three months ended August, the firm lost S$4.6 million compared to a net loss of S$3.7 million in the same period last year. The loss came despite a 23.1 per cent increase in revenue over the period to S$1.3 million. The better revenue was due mainly to the provision of advisory and...
Japan Land
Mainboard-listed property investment firm Japan Land has issued a profit warning, saying that it expects to post a financial loss for the nine months ended February 28. The company is set to announce its third-quarter unaudited financial results on April 14. Japan Land said that the losses stem from the company not registering project arrangement fees and project management fees for the current financial...
Real estate developer Japan Land on Thursday said it has completed its new Jurong Data Centre in Singapore. The total project cost for Phase One amounted to S$215 million. Japan Land invested about S$40 million in the project, with the remaining funds coming from various other investors. The developer said it will explore similar opportunities in Asia, especially in Malaysia, China and India. The new...
Mainboard-listed property investment firm Japan Land said Wednesday it has appointed Leow Tet Sin as managing director and member of the nominating committee of the company with effect from December 23. The appointment resolves a conflict of interest issue that has plagued the company since last month when Japan Land's independent director, lawyer and Tampines Member of Parliament Sin Boon Ann, resigned...
Mainboard-listed property investment firm, Japan Land, said on Thursday that it remains committed to observing the requirements of the listing manual of the Singapore Exchange. The firm gave the assurance following news that one of its independent directors, lawyer and MP for Tampines GRC Sin Boon Ann resigned from the board. Mr Sin had quit as he was not satisfied with the firm’s control of its...
The offer for Japan Land Limited at 60 cents per share by International Capital Investment has lapsed. In an announcement released Friday, Japan Land said that valid acceptances of the International Capital offer totalled 0.32 per cent of its total share capital. International Capital is a vehicle of Indonesian tycoon Oei Hong Leong, who made the offer at the end of July. Independent financial advisors...