Here are some stocks that could move the market this Tuesday morning:
CapitaLand’s serviced residence business unit, The Ascott Limited, is acquiring its first serviced residence in Docklands, Melbourne as part of its A$500 million ($500 million) partnership with Quest Apartment Hotel, one of the largest serviced apartment operators in Australia. The 221-unit property will be acquired for A$71 million through a 50:50 joint venture between Ascott and Qatar Investment Authority. Quest will lease the serviced residence, which will be named Quest NewQuay Docklands, and operate it under Quest’s franchise when the property opens in 2019. CapitaLand closed 1.3% higher at $3.03.
See CapitaLand’s Ascott to buy first prime Australian property for $71 mil
GLP China, the China unit of Global Logistic Properties, says it will issue RMB 1.5 billion ($302.5 million) of RMB-denominated bonds, otherwise known as panda bonds, on the Shanghai Stock Exchange (SSE). The three- and five-year tenor bonds will be priced at 3.12% and 3.58% respectively per annum, and will be used to repay existing debt as well as fund the company’s business growth in China. According to Teresa Zhuge, co-president of GLP China, the offering was more than three times oversubscribed “on the back of strong support from institutional investors”. GLP closed 2.19% higher at $1.87 on Monday.
See GLP China issues first tranche of RMB bonds for RMB1.5 bil
Chiwayland International is jointly developing a mixed-use development comprising a residence and a hotel in Mid-Wilshire, Los Angeles. The development is the group’s first foray into the US through a 50% owned joint venture with Urban Commons, LLC, and is expected to cost US$69 million ($93 million). Chiwayland says the hotel will provide recurring income to the group upon the completion of the project in 2019. Chiwayland’s shares closed at 0.7 cents on July 11.
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CapitaLand’s serviced residence business unit, The Ascott Limited, is acquiring its first serviced residence in Docklands, Melbourne as part of its A$500 million ($500 million) partnership with Quest Apartment Hotel, one of the largest serviced apartment operators in Australia. The 221-unit property will be acquired for A$71 million through a 50:50 joint venture between Ascott and Qatar Investment Authority. Quest will lease the serviced residence, which will be named Quest NewQuay Docklands, and operate it under Quest’s franchise when the property opens in 2019. CapitaLand closed 1.3% higher at $3.03.
See CapitaLand’s Ascott to buy first prime Australian property for $71 mil
GLP China, the China unit of Global Logistic Properties, says it will issue RMB 1.5 billion ($302.5 million) of RMB-denominated bonds, otherwise known as panda bonds, on the Shanghai Stock Exchange (SSE). The three- and five-year tenor bonds will be priced at 3.12% and 3.58% respectively per annum, and will be used to repay existing debt as well as fund the company’s business growth in China. According to Teresa Zhuge, co-president of GLP China, the offering was more than three times oversubscribed “on the back of strong support from institutional investors”. GLP closed 2.19% higher at $1.87 on Monday.
See GLP China issues first tranche of RMB bonds for RMB1.5 bil
Chiwayland International is jointly developing a mixed-use development comprising a residence and a hotel in Mid-Wilshire, Los Angeles. The development is the group’s first foray into the US through a 50% owned joint venture with Urban Commons, LLC, and is expected to cost US$69 million ($93 million). Chiwayland says the hotel will provide recurring income to the group upon the completion of the project in 2019. Chiwayland’s shares closed at 0.7 cents on July 11.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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