IOI Properties agrees to buy CEO’s Shenton House holding firm for S$1
The group will also repay S$217.06 million in shareholder advances, with the acquisition subject to regulatory and lender approvals.
Finance stories about Singapore.
The group will also repay S$217.06 million in shareholder advances, with the acquisition subject to regulatory and lender approvals.
The mixed-use scheme is due to launch in 2027 and finish in 2031, with 184 Frasers Suites serviced residences planned.
Nicky Tan is to succeed Hsieh Fu Hua as lead independent director. The board has seven members, including five independent directors.
The negotiations covered an August 1977 agreement, with the Philippine finance department saying the update aims to clarify cross-border tax rules.
The agreement supports research into new capital-market products, while regulators also discussed oversight of digital-asset markets.