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Mingtiandi Username The site is close to a set of three parks in central Singapore A real estate developer controlled by the family behind United Overseas Bank has placed the top bid for a residential site overlooking a set of parks in central Singapore, edging out 14 other contestants including a joint offer by City Developments Ltd and a unit of Hongkong Land, according to an official announcement. UOL Group Ltd joined with its subsidiary, Singapore Land Group Ltd and Kheng Leong Company, a private real estate business of UOL Group chairman Wee Cho Yaw, to offer S$381.4 million ($287 million) for the rights to a 31,699 square metre (341,205 square foot) project along Ang Mo Kio Avenue 1 near the Mayflower MRT station, which is slated to open later this year. ....
Mingtiandi Username Tang and Co plan to redevelop Maxwell House into a mixed-use project A pair of Singapore-listed firms controlled by a mysterious mainland investor with links to the younger brother of former US president George W Bush has teamed with a Hong Kong construction firm to win a tender for a mixed-use project in the Lion City’s Tanjong Pagar area. SingHaiyi Group, which is controlled by mainland-born billionaire Gordon Tang and wife Celine, joined with Chip Eng Seng Corporation, which the Tangs also control, and an affiliate of Hong Kong-listed Chuan Holdings in a joint bid for the en bloc purchase of the building known as Maxwell House at a price of S$276.8 million ($207.8 million) on Thursday, according to a filing with the Singapore Exchange. ....
Frydenberg beefs up the Takeovers Panel Apr 30, 2021 â 12.00am Save Share The Takeovers Panel will receive a $3.4 million boost over the next four years in the May 11 federal budget, with the government set to launch a public consultation on broadening the panelâs role. The proposed changes would allow the panel to provide âadvance rulingsâ on takeovers, mergers and acquisitions and expand the panelâs role to include membersâ schemes of arrangement, increasingly being used in takeovers. Insiders described the proposals as a potential âgame changerâ by taking more messy legal disputes out of the courts and fast-tracking decisions. Treasurer Josh Frydenberg will announce the makeover for the countryâs primary forum for takeover disputes on Friday when he will also appoint and reappoint 17 part-time members, each for a three-year period from April 30. ....
Mingtiandi Username Cromwell CEO Paul Weightman didn’t do well in his fight with the company’s largest shareholder ARA Asset Management moved a step closer to control of Cromwell Property Group, after the Australian property investment firm announced that its chief executive would be stepping down at year-end. Paul Weightman, who co-founded the A$8 billion ($6 billion) investment management firm in 1998, had been leading an unsuccessful fight against board representation for ARA, which is Cromwell’s largest investor. The Singapore firm had gained board representation in September before Cromwell confirmed Weightman’s upcoming departure late last week. “On behalf of the Cromwell Board and Cromwell securityholders, I would like to acknowledge his longstanding contribution and thank him for his dedication and hard work over more than two decades,” Cromwell chair Jane Tongs said in announcing Weightman’s planned departure to the Australian stock excha ....