in a Guangzhou development unit to an unrelated purchaser for 395.7 million yuan . The counter closed at S$2.71 on Monday, down S$0.05 or 1.8 per cent, before this announcement., given the need for consolidation in the sector. But the offer price may be lowered, leading them to cut their target prices, even though they are keeping their"buy" calls. Shares of Keppel Corp tumbled on Monday, closing S$0.22 or 4.1 per cent lower at S$5.18.
also plans to acquire a logistics property in Australia and a business park in the UK for S$89.9 million from its sponsor Frasers Property, as well as sell its remaining half stake in an Australian cold storage facility. Frasers Property shares were trading flat at S$1.16 as at 9.26am on Tuesday, while units of
were at S$1.35, up S$0.03 or 2.3 per cent.
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