Billionaire Kwek Leng Beng’s CDL Halts Plan To List U.K. Properties In Singapore Amid Challenging Market

  • 📰 Forbes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

City Developments—controlled by billionaire Kwek Leng Beng—has deferred plans to list its commercial properties in the U.K. on the Singapore Exchange amid heightened market volatility and macroeconomic headwinds.

—has deferred plans to list its commercial properties in the U.K. on the Singapore Exchange amid heightened market volatility and macroeconomic headwinds.

“The unprecedented interest rate hikes in 2022 have severely impacted the initial public offering of REITs in Singapore, with several planned IPOs and secondary fund-raising exercises of REITs withdrawn,” CDL said in a regulatorylate Wednesday. “Amid this challenging market, the group is placing a temporary pause on its IPO aspirations for its U.K. commercial properties until the market stabilizes.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 394. in BR

Brasil Últimas Notícias, Brasil Manchetes