Shareholders of Orchard Parade Holdings Limited (OPHL) have approved the firm's plans to divest three properties. This was agreed upon at an extraordinary general meeting held Wednesday, where 99.9 per cent of shareholders voted in approval. The three properties are: Orchard Parade Hotel, Albert Court Village Hotel and Central Square Village Residences. OPHL said in a statement that it would now proceed...
Orchard Parade
Mainboard-listed Orchard Parade Holdings says its first quarter net profit jumped to S$9.3 million sing dollars for the period ended March 31. This compared to net profit of S$107,000 posted in the same quarter a year ago. The improved profit came on the back of higher revenue and a gain from the revaluation of its investment properties. The revaluation saw a S$1.6 million gain compared to a loss of...