THE following companies saw new developments that may affect trading of their securities on Thursday (Apr 28):
GREAT Eastern Holdings Great Eastern: INSURANCE company Great Eastern Holdings said its profit attributable to shareholders fell to S$220 million for its first quarter ended Mar 31, 2022, 50 per cent lower than the S$437.6 million in the same period a year ago.
This was due to a lower valuation of investments arising from less favourable financial market conditions in the quarter, resulting in lower mark-to-market gains, the insurance arm of OCBC said on Thursday (Apr 28).
AIMS APAC REIT (AA REIT) saw its net income soar by 16.6% in 2H FY2022, reaching $55.48m.
Despite the income growth, the REIT's Distributions to Unitholders and distribution per unit (DPU) still declined in the same period, with the former dropping by 3.8% to $33.64m and the latter declining by 4.8% to $0.0471.
Oxley: PROPERTY developer Oxley Holdings announced Wednesday (Apr 27) that it is selling 2 assets in Vietnam for a combined S$84 million.
In a bourse filing, the group said it has entered into a memorandum of understanding (MOU) to sell its entire 80 per cent effective stake in Vietnam-incorporated Phu Thinh Land, at a price of 1.05 trillion Vietnamese dong (S$63 million), subject to adjustment as agreed after the purchaser’s appraisal.