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GuocoLand Limited (F17.SI)
- EdgeProp
GuocoLand sells entire stake in EcoWorld International for $61 million
London City Island, (Credit: Eco World London website)GuocoLand has sold off its 27% stake in KL-listed Eco World International for $61 million. This stake was carried on GuocoLand's books at $50 million.EWI closed at 36 sen on May 10.In its separate announcement, EWI says Flexsis, a subsidiary of KL-listed property firm Paramount Corporation, has become a new substantial shareholder with a stake of 21.54%."On behalf of the board of directors, I extend my warm welcome to Paramount as a new inves
- EdgeProp
2024’s best-selling new project Lentor Mansion offers family a lifestyle defined by luxury, convenience, and soul
Lentor Mansion is the fifth new condo launched in the Lentor estate, and its sales performance underscores the public’s confidence in the development of the Lentor neighbourhood.With less than a quarter of the units at Lentor Mansion still up for sale, the window of opportunity is quickly shrinking for homeowners to capitalise on Singapore’s best-selling new development.Jointly developed by mainboard-listed real estate group GuocoLand and Hong Leong Holdings, Lentor Mansion was launched for sale
- Reuters SG
Deals of the day-Mergers and acquisitions
** Envestnet, a U.S. software vendor with a market value of about $3.5 billion, is exploring options that could include a potential sale after receiving takeover interest, people familiar with the matter said. ** Lufthansa's new remedies on its ITA Airways stake buy are not markedly different from an earlier package rejected by EU antitrust regulators which have also discounted Ryanair as a rival in its scrutiny of the deal, people familiar with the matter said.
