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Far East Hospitality Trust (Q5T.SI)
- EdgeProp
Far East Hospitality Trust completes $313.2 mil divestment of Central Square
Far East Hospitality Trust completes $313.2 mil divestment of Central Square (Photo: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Far East Hospitality Trust has completed a $313.2 million divestment of Central Square to City Developments (CDL) on March 24. This amount is 70.8% more than the $183.3 million it paid for in August 2012. It could also potentially receive an incentive fee of up to $18 million, subject to certain conditions.See also: Far East Hospitality Trust secures fi
- EdgeProp
[UPDATE] Far East Hospitality’s Arthur Kiong: Remaking the hotel industry
Kiong: The pandemic brings us to the cusp of the third tourism evolution (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - The quick return to tighter restrictions on July 22 highlights the importance of improvisation in business, which Arthur Kiong, CEO of Far East Hospitality, seems to have a knack for. (See also: Far East Hospitality Trust secures first sustainability-linked loan worth $125 mil from OCBC)A former radio DJ in the 1980s, Kiong recounts an incident where he had
