Hongkong Land to Divest MCL Land Residential Business to Sunway Group
The real estate developer is divesting its residential business to Sunway Group for SGD739 million, allowing it to focus on premium mixed-use properties.
The real estate developer is divesting its residential business to Sunway Group for SGD739 million, allowing it to focus on premium mixed-use properties.
The property giant reported mixed H1 results, with underlying profit up 11% but revenue down significantly. Facing headwinds in the Chinese mainland market and geopolitical uncertainties, the outlook remains challenging.
The real estate company is notifying shareholders who have not claimed dividends or other payments for over 12 years that their shares may be sold if they do not come forward within the next 3 months.
The real estate company has announced that one of its executive directors has acquired ordinary shares in the business.
The real estate developer has announced that its executive directors have acquired additional ordinary shares in the company.
The real estate company's top executives have acquired ordinary shares in the business.
The senior advisor at the real estate company has sold a block of shares.
The real estate company has announced transactions by two of its executive directors.
The real estate company has agreed to sell part of its flagship One Exchange Square property in Hong Kong to the stock exchange operator HKEX for HK$6.3 billion, with plans to use the proceeds to reduce debt and fund a share buyback program.