Mapletree Greater China Commercial Trust has posted a third-quarter distribution per unit of 1.868 cents, up 5.1 per cent from the same period a year ago. This was due mainly to a lower translated average cost of debt post refinancing.
Gross revenue in the three months ended Dec 31 was $88.5 million, up 0.7 per cent.
Net property income was flat at $71.4 million.
Portfolio occupancy rate was 96.9 per cent as at Dec 31, while gearing ratio was 39.3 per cent.
Net asset value per share was $1.228 as at Dec 31, down from $1.301 as at March 31 last year.
Datapulse Technology yesterday commissioned a strategic review of the Malaysian factory at the heart of a contentious shareholder tussle.
It has appointed Ernst & Young Solutions to advise it on options available for the sales and distribution capabilities of a personal care product manufacturer that the company acquired in December last year.
Datapulse's $3.5 million purchase of Wayco Manufacturing (M) marked a move into a brand new business for the digital media storage maker. But the deal also prompted a query from the Singapore Exchange - to which Datapulse replied, in a statement, that it did not conduct proper due diligence on the deal because the new chief executive was a former employee of the target firm and familiar with the business.
The board of directors said in its latest announcement that Datapulse intends to continue to sell Wayco's products to, and keep working with, vendor Way Company and the related Wayco Trading - "to ensure business continuity". It added that it also intends to review and evaluate the options available for Wayco to develop its sales and distribution capabilities in the mid to long term.
A unit of Oxley Holdings has priced its $150 million 5.70 per cent notes, which mature on Jan 31, 2022. This comes under a US$1 billion euro medium-term note programme. Under the programme, its subsidiary Oxley MTN may "issue medium term notes unconditionally and irrevocably guaranteed by the company".
The net proceeds from the issue of the notes are intended to be used for general corporate purposes and working capital requirements of the company and its subsidiaries, joint venture entities and associated entities.
DBS Bank is the sole arranger of the programme.