GuocoLand suffers 43% drop in full-year net profit to S$161.8m

GuocoLand suffers 43% drop in full-year net profit to S$161.8m
 
SINGAPORE: GuocoLand has suffered a 43 per cent drop in its net profit to S$161.8 million for the financial year ended June.
 
The group attributed the sharp contraction largely to lower property sales in Singapore.
 
Lower revaluation gain on investment properties and higher income tax expenses [...]

CapitaLand to inject 4 integrated devts into Raffles City China fund

CapitaLand to inject 4 integrated devts into Raffles City China fund
 
SINGAPORE: CapitaLand is going to inject four of its Raffles City-branded integrated developments into its Raffles City China fund.
 
The US$1 billion real estate private equity fund will acquire CapitaLand’s 55.9 per cent stake in Raffles City Shanghai.
 
It will also take over 100 per [...]

Capitaland to inject 4 Raffles city developments into China fund

Capitaland to inject 4 Raffles city developments into China fund
CapitaLand plans to sell its interests in four Raffles City-branded integrated developments in China to its Raffles City China Fund for 1.1 billion dollars.
 
The assets, namely, Raffles City Shanghai, Raffles City Beijing, Raffles City Chengdu and Raffles City Hangzhou, will be injected into the 1.4 [...]

Second UK university to set up here

Second UK university to set up here
 
Campus which will take 3,000 to kick off next year
 
IT’S slated to start operations by the start of next year.
 
On offer will be programmes in the business and management disciplines, like undergraduate and postgraduate degrees in accountancy, banking and finance and business information systems.
 
The University of Wales Institute, Cardiff’s [...]