Wednesday, January 03, 2018

PREHL #145 - THE CAPITOL SINGAPORE...getting closer to a closure

Hoosier's note: I am guessing that, since it has taken this long to reach a settlement, it is probable that PREHL wants to buy from Chesham by paying a premium. I believe that the original agreement is that PREHL has to sell to Chesham if PREHL wants to get out of the deal.

(I am also guessing that PREHL is getting close to selling the AXA Tower and, hence, provide the fund to buy the 50% stake in The Capitol from Chesham)

However, if I were Pua Seck Guan, I would get out of this investment in The Capitol and concentrate on the HSR Healthcare Integrated Mixed-Use Developments In China.