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Headliners (CDL Hospitality Trusts, LionGold Corp, Oxley Hldgs, Q&M Dental Group)
Headliners | 05 December 2013
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By: Peter Ng
Articles (81) Profile

CDL Hospitality Trusts Acquires Luxury Resort In Maldives
CDL Hospitality Real Estate Investment Trust (CDLHT) has purchased a luxury resort, Jumeirah Dhevanafushi which is located in Meradhoo Island, Republic of Maldives. The property was sold at US$59.6m ($74.8m) and will be fully financed with debt. The Jumeirah Dhevanafushi comes with 16 over-water villas and 19 beachfront villas with private pools, as well as a wide range of dining, leisure and spa options within the property. 2 additional beachfront villas are expected to be completed in 2014 as part of the acquisition. Despite the ongoing re-development works, the property has raked in revenue per available room of US$754 in 9M13. Along with the growing demand for tourism in Maldives, CDLHT is positioned to further benefit from Maldives’s buoyant hospitality sector with a second acquisition in Maldives in 2013. After the acquisition, on a pro-forma basis, annualised distribution yield would rise from 7.3% to 7.5%.

LionGold With Others To Co-Partner IPR Fund
LionGold Corporation, together with Infiniti Asset Management (subsidiary of ISR Capital) and Shanghai Power Capital Investment Management, agreed to co-partner IPR Fund. The fund, structured as a second part of an existing fund known as Infiniti Premium Resources, has an investment objective of directly investing in natural resources with synchronised infrastructure investments in the global commodity sector. The arrangement will leverage on the expertise of each co-partners to form a portfolio of assets within the targeted sectors. Each co-partner will provide advisory services in relation to the fund’s investment activities and in turn, co-partners will receive fees in the form of carried interest. The co-partnership will serve as a platform for LionGold to develop its acquisitive strategy.

Oxley Enters JV To Develop Land In Malaysia
Oxley Holdings via its subsidiary, Oxley Ruby, has entered into a joint venture (JV) agreement with Peninsular Teamwork (PT). Under the agreement, Oxley Ruby will be granted rights to develop a freehold tenure land plot located in Malaysia’s state of Selangor which is owned by PT. The land, with an aggregate area of 15.3 acres, is currently undeveloped and holds an agricultural status. Meanwhile, PT shall apply for approval from the relevant authority for the land to be developed into a residential project of 900 residential units. Unlike other developers in Singapore who have swarmed into the residential sector of Iskandar, Malaysia, Oxley has particularly avoided it which seems wise as that sector may potentially face oversupply conditions.

Q&M Dental To Acquire Dental Clinic In Rongcheng City
Q&M Dental Group (Singapore) via its subsidiary, Q&M Dental Holdings (China), had inked a non-binding memorandum of understanding (MOU) to acquire a 51% stake in the dental hospital known as Rongcheng City Shidao Meichen Hospital and also a 51% stake in the dental polyclinic known as Rongcheng City Meichen Stomatology Polyclinic. Under the MOU, Q&M Dental Holdings (China) will purchase 51% of shares in a management company to be incorporated for the acquisition of the dental hospital and dental polyclinic. The share purchase consideration of Rmb17.9m ($3.6m) will be paid with shares in Q&M Dental Group (Singapore). A separate 9% stake in the management company will be purchased for Rmb3.2m ($0.6m) in cash by Dr Shao Yongxin, current owner of the Aoxin Dental Group located in Shenyang, PRC. The acquisition will enhance the company’s plan to increase its presence in Northern China.

Backed by a strong interest in investments, Peter's research spans across a range of industries, with his focus placed on companies listed on the SGX.

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CDL Hospitality Trusts  1.630 -0.020 -1.21%   
Business: A stapled group comprising CDL Hospitality REIT and CDL Hospitality Business Trust.

Insight: Apr-19, 1Q19 gross revenue and NPI dropped 10.6% a... Read More
LionGold Corp  -- -- --   
Business: Co has interests in gold mining and exploration companies in Australia and Ghana.

Insight: May-19, FY19 revenue rose 18.6% due to increased t... Read More
Q&M Dental Group (S'pore)  0.515 +0.005 +0.98%   
Business: Co is a private dental healthcare provider in Asia. [FY18 Turnover] Primary healthcare (93.1%), dental equipment & supplies distribution (6.9%)

Insight: May-19, 1Q19 total revenue inched up 4.2% to $29.9... Read More
Oxley Hldgs  0.315 -0.005 -1.56%   
Business: Co is a ppty developer specialising in residential cum commercial devts.

Insight: May-19, 9M19 revenue slid 38.7% due to lower reven... Read More


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