Market Chatter: Hongkong Land Eyes Sale of Singapore Property Development Unit for SG$1.1 Billion

MT Newswires

2024-12-06

Hongkong Land Holdings (SGX:H78) is mulling the sale of its Singapore-based property development unit, MCL Land, Bloomberg reported Thursday, citing people close to the matter.

The firm owns 100% of MCL and is looking to divest its stake at around SG$1.1 billion, the report said. The company is in discussions with financial advisers regarding the transaction.

The news comes in after the company disclosed plans to move on from its residential development business to focus on real estate investment trusts, according to the report.

Hongkong Land has yet to respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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The company is in discussions with financial advisers regarding the transaction.The news comes in after the company disclosed plans to move on from its residential development business to focus on real estate investment trusts, according to the report.Hongkong Land has yet to respond to MT Newswires' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}