Company Briefs: Oxley Holdings

Oxley Holdings

A consortium that includes Singapore-listed developer Oxley Holdings has clinched "preferred bidder" status for the Yangon Central Railways Station Area Comprehensive Development Project in Myanmar.

Oxley said in a late Wednesday filing that the award of the contract is subject to completion of negotiations and legal arrangements.

The mixed development project will comprise a transportation hub that integrates rail and mass transit, surrounded by housing and commerce amenities. It will occupy an area of 25.7ha, with an intended development gross floor area of about 1.1 million sq m.


Digital media storage maker Datapulse said that based on current progress, the board will be able to hold an extraordinary general meeting to consider the proposed business diversification and the proposed change of board by April 27.

At the direction of Singapore Exchange, Datapulse said it will hold a shareholders' dialogue together with the Securities Investors Association Singapore on April 17 to speak on recent events, including its proposed business diversification.

The Datapulse board and management, as well as professional advisers, will be present at the dialogue.

Far East H-Trust

Far East Hospitality Trust's fourth-quarter distribution per stapled security slipped to 0.97 cent from 1.12 cents in the previous corresponding period, amid a slight decline in occupancy rates and revenue per available room (RevPAR).

Income available for distribution fell 9.7 per cent to $18.2 million for the three months ended Dec 31. Gross revenue shrank 6.6 per cent to $25.7 million while net property income slipped 7 per cent to $23.1 million.

For the full year, net property income fell 5.3 per cent to $93.2 million, while gross revenue decreased 4.8 per cent to 103.8 million and income available for distribution shrank 7.8 per cent to $72 million.

Distribution per stapled security for the entire year amounted to 3.9 cents.

Average occupancy of hotels in the fourth quarter was 85.4 per cent, a 1.1 percentage point decline from the year-ago level.

RevPAR for the hotel portfolio decreased 2.4 per cent to $132.

A version of this article appeared in the print edition of The Straits Times on February 16, 2018, with the headline 'Company Briefs'. Subscribe