understands. Starhill Global Reit currently owns about 74 per cent of the Wisma Atria property's total share value of strata lots, with the remaining owned by Isetan Singapore. It is also believed that, to close its grip on the property, the Reit manager is prepared to offer more than S$290.7 million – the fair value of Isetan's investment stake in Wisma Atria as at the end of 2018. The manager is part of the YTL Group controlled by Malaysian tycoon Francis Yeoh.
5 Singapore cents on Monday, while shares of Isetan were up three cents of 6.7 per cent to S$4.78.to Hii Siew Chung and Cheah Bee Lin at a conversion price of S$0.10 apiece for 12.0 million new shares, it said on Tuesday morning. This is to repay a redeemable S$1 million convertible loan provided to the company by both individuals in 2017. The loan also bears an interest of 8 per cent per annum, which allows Mr Hii and Ms Cheah to claim up to 1.6 million additional new shares.
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