Malaysian tycoon Quek Leng Chan’s Singapore-listed unit GuocoLand Ltd (GUOC.SI) may float two real estate investment trusts (REITs) with total assets of up to US$8 billion ($10.4 billion) over the next 3-5 years, The Business Times reported today.
The assets would include one office and the other retail REIT-holding assets in Singapore, China, Malaysia and possibly Vietnam, the newspaper said.
Local media have long speculated Singtel may look to float around a quarter of its share in Optus, which might be worth up to A$4 billion ($4.9 billion), to fund expansion in other markets.
Phil Lesh’s 70th Birthday Auctions
 Phil Lesh |
As previously reported, Furthur & Friends will be performing a rare and significant performance on Match 12 at the Bill Graham Civic Auditorium in San Francisco in celebration of Phil Lesh’s 70th birthday. This very special event is a benefit for the Unbroken Chain Foundation in support of Haitian Earthquake Relief.
Teaming with Charity Folks, the Unbroken Chain Foundation is pleased to offer several auctions for a once in a lifetime experience with proceeds going towards Haitian Earthquake Relief.
The winning bidders for these very special auctions will be receiving one VIP ticket that will provide seating in the VIP section and access to the VIP lounge, and will also receive an event t-shirt and a Phil Lesh and Bob Weir signed poster. The winning bidders will also be able to come early to personally meet Phil Lesh before the show to wish him a Happy Birthday AND help build an amazing float that they will then ride on during the celebration!
This is truly a one-of-a-kind auction to benefit the Unbroken Chain Foundation with proceeds to support Haitian Earthquake Relief.
For more information please visit: http://www.charityfolks.com/phillesh.
For more on Furthur check out our review from the first two shows of the current tour here.
Complete Furthur tour dates available here.
Singapore Telecommunications (STEL.SI), Southeast Asia’s biggest telecom firm, said today no decision had been made on a rumoured partial float of its wholly-owned Australian subsidiary, Optus.
Media have speculated that SingTel would look to float around a quarter of its share in Optus, which could be worth up to A$4 billion ($4.9 billion), to fund expansion in other markets.
Singapore Telecommunications is waiting to see what role its Optus unit takes in Australia’s national broadband network before proceeding with a partial float of the business, the Australian Financial Review said.
Singapore Telecom (Z74.SG) extended its gains after sources tell Dow Jones Newswires that the telco firm plans to float part of its Australian unit Optus possibly as early as 1H10.
People familiar with the situation say SingTel wants to sell around 25% of Optus through an IPO in Australia that could raise about A$4 billion ($5.16 billion).
SingTel could use the proceeds to create a war-chest for acquisitions and expansion in markets outside Australia and Singapore.
RSH Limited says the Singapore Exchange had on Dec 10 granted an extension of time of up to Dec 31 to restore the public float requirement under Rule 725 of the Listing Manual.
Under Rule 723, an SGX-listed company must ensure that at least 10% of the total number of issued shares (excluding treasury shares) that is listed is at all times held by the public.
