Welcome, Guest
Username: Password: Remember me


OUE 28 Feb 2013 13:28 #13468

  • FaceTheFact
  • FaceTheFact's Avatar
  • Offline
  • Fresh Boarder
  • Posts: 30
  • Thank you received: 5
Just a highlight...
OUE: DJ Newswires reports that OUE may be planning to inject into a SG REIT IPO set for 3Q13. Sources indicate that Mandarin Orchard and Mandarin Gallery may be in the REIT.
The administrator has disabled public write access.

OUE 28 Feb 2013 15:46 #13469

  • Rock
  • Rock's Avatar
  • Offline
  • Junior Boarder
  • Posts: 509
  • Thank you received: 72
SINGAPORE--Overseas Union Enterprise (OUE) is planning to raise up to S$1 billion from the listing of its hospitality assets in Singapore this year, Dow Jones Newswires reported, citing two people with knowledge of the deal.

OUE could launch an initial public offering for a hospitality-focused real-estate investment trust (REIT) in the third quarter of the year, the sources said, according to the report.

A spokeswoman for Overseas Union confirmed to Dow Jones that the company is considering listing at least two of its Singapore assets through a REIT. The five-star Mandarin Orchard hotel and the adjoining Mandarin Gallery shopping mall are the main candidates for the REIT’s initial portfolio, while the Crowne Plaza Changi Airport hotel could also be added, she said.

“The REIT option is a good way for us to unlock value in those properties while retaining control over the assets,” said the spokeswoman, who declined to be named.
The administrator has disabled public write access.

OUE 21 Mar 2013 12:50 #13592

  • Rock
  • Rock's Avatar
  • Offline
  • Junior Boarder
  • Posts: 509
  • Thank you received: 72
SINGAPORE property group Overseas Union Enterprise (OUE) has chosen three banks for its planned US$800 million listing of a hospitality real estate investment trust (Reit) in the second half of the year, sources said.

The plan comes as 2013 is shaping up as a busy year for Reit IPOs in Singapore, which are attractive to investors looking for steady income streams.

OUE chose Credit Suisse, Goldman Sachs and Standard Chartered to advise on the listing, sources with direct knowledge of the matter said.

Led by Indonesian tycoon Stephen Riady, OUE revived plans for the Reit listing soon after it lost the battle to buy Fraser and Neave to Thai billionaire Charoen Sirivadhanabhakdi, sources said
The administrator has disabled public write access.

OUE 05 Jun 2013 13:10 #14359

  • Rock
  • Rock's Avatar
  • Offline
  • Junior Boarder
  • Posts: 509
  • Thank you received: 72
OUE susp. trading this morning. They have rope in Ex Ascott CEO, no doubt about it REIT card is on the way.
The administrator has disabled public write access.
Time to create page: 0.228 seconds

Share Prices

Counter NameLastChange
Best World1.3450.035
China Everbright0.575-
China New Town^0.069-
China Sunsine0.410-
Chip Eng Seng0.6350.010
Chiwayland Intl^0.160-
$ CNMC Goldmine0.510-
Food Empire0.300-
Geo Energy Res0.1930.001
$ GSS Energy0.0820.002
G Invacom0.1770.009
Hiap Hoe0.680-
$ ISOTeam0.3850.010
King Wan0.1800.010
Lian Beng0.4550.005
Regal Intl0.1490.005
$ Rex Intl0.0610.003
$ Resources Prima0.041-
Sunningdale Tech1.0400.030
Serial System^0.140-
Sino Grandness0.3450.015
Tiong Seng0.245-
$ Trendlines0.1660.004
Yamada Green Res0.3300.010
YZJ Shipbldg SGD0.7400.010
Powered by JoomlaGadgets

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 475 guests and no members online