Singapore's sovereign wealth fund GIC announced Thursday (Oct 22) that it has partnered New York-based real estate company Tishman Speyer to co-own an office development project in Hyderabad, India.
Las Vegas Sands Corp reported third-quarter profit that beat expectations as the company, battling challenges in Macau, controlled costs and relied on its Singapore operation for an earnings boost.
Mainboard-listed CapitaLand Mall Trust (CMT) saw a 9.6 per cent rise in its distribution per unit (DPU) for the third quarter ended Sept 30 to 2.98 cents from 2.72 cents for the same period last year, it said on Thursday (Oct 22).
A Sats subsidiary has made a conditional binding offer for a 49 per cent stake in inflight caterer Brahim's Airlines Catering Sdn Bhd for up to RM218 million (S$70.8 million). Brahim's offers catering services to 28 global airlines, including Malaysia Airlines Bhd, AirAsia and Cathay Pacific, according to its website.
Cambridge Industrial Trust's manager looks increasingly likely to have new owners with its biggest shareholder also considering selling its 56 per cent stake. The Reit manager announced in a Singapore Exchange filling on Thursday (Oct 22) that National Australia Bank's nabInvest Capital Partners (NAB) has told the manager that it has received offers for its shares.
China is considering launching its long-planned qualified domestic individual investor programme (QDII2) in the Shanghai Free Trade Zone, according to a statement posted on Wednesday evening (Oct 21) on the website of the State Council, China's cabinet.