Perennial Real Estate Holdings, whose properties include Capitol and CHIJMES, made a weak debut on the main board of the Singapore Exchange (SGX) on Friday (Dec 26), opening more than 20 per cent below the notional value of its shares. Perennial Real Estate - which achieved its stock market listing via a reverse takeover of nightclub operator St James Holdings - recently took over Perennial China Real...
Perennial Real Estate
Perennial Real Estate Holdings said late on Monday (Dec 22) it has gained control of 96.32 per cent of Perennial China Retail Trust at the close of its takeover offer. Trading in Perennial China will be suspended from Tuesday, and Perennial Real Estate will exercise its right to compulsorily acquire the remaining Perennial units at the offer price of S$0.70, to be satisfied by the issuance of 0.52423...
Investors in Singapore will soon get a chance to own slices of iconic Singapore properties like Chijmes and Capitol Singapore. Perennial Real Estate Holdings, which owns these assets, has completed its reverse takeover of Catalist-listed night-spot operator St James Holdings on Monday (Oct 27). However, the trading of its shares - which will be promoted to the mainboard of the SGX - is only expected to...
The chief executives of commodity trader Wilmar International and Perennial Real Estate are leading a group of investors in setting up a property joint venture with a target capital base of S$500 million. Wilmar CEO Kuok Khoon Hong will hold a 49.5-per-cent stake in the joint venture - named Perennial Real Estate Holdings, while Perennial Real Estate CEO Pua Seck Guan will take up a 20-per-cent...
Perennial China Retail Trust, a unit of property investment firm Perennial Real Estate, on Thursday said that it aimed to raise S$1.1 billion through an initial public offering via a business trust in Singapore, making it the first of several big ticket listings planned in the city state this year. In a prospectus filed with the Monetary Authority of Singapore, Perennial China Retail Trust said that it...
The former head of CapitaMall Trust is reportedly planning to launch an initial public offering (IPO) of a real estate investment trust (Reit) in Singapore to raise $1 billion. The Reit will be floated under Perennial Real Estate - the firm established by Mr Pua Seck Guan, who left CapitaMall Trust in 2008 - and will consist of Chinese assets, according to a Dow Jones report. Quoting a person familiar...
Perennial Real Estate, a firm set up by the former head of CapitaLand's shopping mall business, plans to launch property funds that will buy malls in China and Singapore to tap the region's growing consumer demand. Pua Seck Guan, who left CapitaLand in 2008, is making a comeback in the property fund management scene, drawing on his experience in helping build the Singapore developer's regional shopping...