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...
reverse takeover
Shares of Catalist-listed St James Holdings closed 19 per cent higher on Monday, boosted by news the firm would be transformed into a property developer via a reverse takeover deal. The nightspot operator's shares ended trading at 6.4 cents each, up from 5.4 cents before the stock was suspended on Friday. The shares rose as high as 7.7 cents earlier in the session. St James said on Friday it would...