Ascendas Hospitality Trust’s FY16 net property income tumbles 9.3% to $23.4m

29 Jan 2016 - Singapore Business Review
Blame it on flagging AUD, lower contributions. Ascendas Hospitality Trust (AHT) closed the third quarter of FY16 with a 9.3% crash in net property income to $23.4m. According to the company's media release, this is on back of several drains on the company’s finances. Firstly, AHT recorded a loss of income ...
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Six Good Reasons Buy Now

28 Jan 2016 - The Motley Fool Singapore
Last year could have been a rewarding year for investors, if they had sunk their teeth – or should I say – sunk their FANGs into just four stocks. The four “FANGs” last year were Facebook, Amazon, Netflix and Google. Separately, they returned 34%, 117%, 134% and 45%, respectively. And there wasn’t even ...
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Starwood Capital, Fosun to consider bids for Singapore's Ascendas Hospitality Trust

19 Jan 2016 - DealStreetAsia
Starwood Capital Group, the property investment firm, and Chinese billionaire Guo Guangchang’s Fosun International Ltd. are weighing bids for Ascendas Hospitality Trust, people with knowledge of the matter said. Starwood Capital, which manages about $45 billion of assets, and Fosun are studying the Singapore-based ...
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The Singapore Market this Week: Red Ink Everywhere

10 Jan 2016 - The Motley Fool Singapore
Tweet Singapore’s stock market, as represented by the Straits Times Index (SGX: ^STI), did not start the first trading week of 2016 on a good note as it slumped 4.6% to close at 2,751 points on Friday. A weakening Chinese currency, the falling price of oil, and concerns about conflicts between nations ...
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2 private equity firms weigh separate bids for Ascendas Hospitality Trust: Reports

7 Jan 2016 - Channel NewsAsia
SINGAPORE: Two private equity firms are weighing separate bids for Ascendas Hospitality Trust, in a deal that could be worth around US$600 million (S$860 million), according to newswire reports on Thursday (Dec 7). Ascendas Hospitality Trust owns a total of 11 hotels in Australia, China, Japan and Singapore. ...
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Singapore: Blackstone, Gaw Capital weighing bids for Ascendas Hospitality Trust

7 Jan 2016 - DealStreetAsia
Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore’s Ascendas Hospitality Trust, people familiar with the matter said on Thursday. The potential offers are being considered as bankers say falling market valuations and higher interest rate expectations ...
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Singapore: Ascendas Hospitality Trust evaluating takeover offer

24 Dec 2015 - DealStreetAsia
Ascendas Hospitality Trust (A-HTRUST) has said it is evaluating a takeover offer related to the possible acquisition of all the stapled securities under the trust. Stapled securities are bundled offering of shares in a company and units in an investment trust that are purchased or sold together. The ...
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Ascendas Hospitality Trust says unnamed buyer interested in takeover

23 Dec 2015 - Channel NewsAsia
SINGAPORE: Ascendas Hospitality Trust (A-HTRUST) said on Wednesday (Dec 23) its managers are reviewing various strategic options after an unnamed party expressed interest in buying the trust. "This follows the recent receipt of an unsolicited expression of interest (EOI) relating to the possible acquisition ...
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Ascendas acquires Melbourne serviced apartments for S$122m

6 Dec 2015 - DealStreetAsia
Two Singapore-listed property firms have announced realty deals in Australia, with Roxy-Pacific buying a commercial building and Ascendas acquiring Melbourne serviced apartments. Property and hospitality group Roxy-Pacific Holdings said it had acquired a 14-storey property Sydney for A$81 million (S$83 ...
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3 REITs Giving Distributions This Week

2 Nov 2015 - The Motley Fool Singapore
Tweet There are a few real estate investment trusts (REITs) that are going ex-dividend for this week. In other words, you need to own them before a specific date during the week in order to receive their distributions. Let’s focus on three of them. Monday, 2 November 2015 Starhill Global Real Estate ...
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