News Formal

OUE pares stake in Gemdale Properties to 23.8%

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

OUE pares stake in Gemdale Properties to 23.8%.

OUE on Tuesday said it has pared its stake in associated company and Hong Kong-listed real estate developer Gemdale Properties and Investment Corporation from 27.8 per cent to 23.8 per cent, after selling about 635.5 million shares of par value HK$0.10 each at HK$0.91 apiece.The net asset value of each sale share was about HK$0.892 as at June 30, 2019, it said.

The disposal is not expected to have a material effect on the net tangible assets or earnings per share of the group for the financial year ending Dec 31, 2020, OUE added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TEE Intl proposes sale of TEE Land stake to Amcorp unit for S$50.62mTEE Intl proposes sale of TEE Land stake to Amcorp unit for S$50.62m.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Koyo unit to buy property for engineering fabrication for S$2.54mRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »