19 Oct '17, 2am

Oxley raises $12.95m via sale of treasury shares

Singapore-listed Oxley Holdings has raised $12.95 million in net sales proceeds through the sale of 22.75 million treasury shares, revealed an SGX filing on Wednesday (18 October). The raised amount will be used by the home-grown property developer with a market capitalization of approximately $1.9 billion for working capital purposes. The treasury stocks were transacted for cash at $0.59 apiece, which represents a discount of 8.3 percent to the company’s volume weighted average stock price of about $0.64 on 12 October. Based on Oxley’s overall issued shares of around 2.95 billion, including the newly placed treasury shares, earnings per share is expected to reach $0.074 cents for FY2017. It also stated that the stocks were sold via Maybank Kim Eng Securities on Tuesday (17 October) to about 34 investors, such as ICH Capital, Asdew Acquisitions, and Island Asset Management...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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Livia Stefanini takes helm of Havas LuxHub UK

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A look back at affordability

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Another Madagascar environmental activist imprisoned

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news.mongabay.com 20 Oct '17, 4pm

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sg.finance.yahoo.com 22 Oct '17, 7am

Also, remember that the private property market is not totally divorced from public housing. As more Singaporeans are pric...