SingXpress Land

Haiyi makes offer for Singxpress Land

Investment company Haiyi Holdings on Tuesday said it would be making a mandatory unconditional cash offer for all of the shares in property developer Singxpress Land after a conversion of its perpetual preference shares into ordinary equity would result in its owning 62.2 per cent of the target company. But the offer by Haiyi of S$0.0118 cent per share offer is 21.3 per cent below the last transacted...

SingXpress Land sells 80% of Charlton Residences

Singapore-listed SingXpress Land said on Monday it has sold about 80 per cent of luxury freehold development Charlton Residences at an average price of S$2.8 million per unit as of Sunday. The 21-unit three-storey cluster development, located in Kovan district, is expected to obtain its Temporary Occupation Permit in 2014. The three-storey landed designer homes range from 5,350 to 7,696 square feet, each...

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