IPC Corporation reported a 28.9% YoY decline in FY14 sales to S$33.4m, as majority of the apartment units from its Oppama condominium project were sold in 2013.
Guocoleisure saw its 2QFY15 revenue decline 6.7% YoY to US$99.6m due to lower revenue generated from both gaming and property development segments. But PATMI rose 8.1% YoY to US$14.8m.
OKP Holdings secured two LTA contracts worth a total of S$143.8m for the construction of sheltered linkways, bringing its gross order book to S$296.8m and extending to 2019.
BBR Holdings won the bid through joint tenderers to acquire a land parcel at Yishun Avenue 4 for S$185.1m. They have proposed to establish a mixed commercial and residential development.
Low Keng Huat's wholly owned unit will acquire a 20% stake in AXA tower for S$75.6m, as it is part of the consortium led by Perennial Real Estate Holdings in acquiring the property for an aggregate S$1.17b.
Olam completed the sale of a 25% stake in its packaged foods business for S$167.5m, and has added US$79.6m to its capital reserves.
Wee Hur Holdings announced that its proposed investments in Huai’an City, China did not take off.
Fortune REIT appointed the chairman's daughter Justina Chiu Yu to be CEO, as part of their succession planning.
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