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Thread: Dubai Investment Group takes 10% stake in Sing Holdings

  1. #1
    Join Date
    Feb 2007

    Default Dubai Investment Group takes 10% stake in Sing Holdings

    Dubai Investment Group takes 10% stake in Sing Holdings

    By Loh Kim Chin, Channel NewsAsia | Posted: 11 April 2007 2104 hrs

    SINGAPORE : Dubai Investment Group (DIG) is buying a 10% stake in Sesdaq-listed Sing Holdings.

    DIG is subscribing to a placement of 27 million new shares in Sing Holdings at 43 cents each.

    This is part of the 40 million new shares that Sing Holdings is placing out.

    The deal marks DIG's maiden investment in a listed property company in Singapore.

    The group has investments worldwide in financial, industrial, real estate and hospitality sectors.

    DIG is also exploring joint venture possibilities with Sing Holdings to develop properties in Singapore. - CNA /ls

  2. #2
    Unregistered Guest

    Default Re: Dubai Investment Group takes 10% stake in Sing Holdings

    Watch out. Sing Holdings under DIG is going to buy many of the remaining prime district enblocs at never before prices, for example like the enbloc-resistant Yong An Park, Botanic Gardens View, etc. Sing Holdings aka Dubai Investment Group will make them offers that are so high that they can't refuse.

    The ex-owners of cheaply enbloc'ed properties like Silver Tower, Casa Rosita, etc already bang balls during the price boom in the past few months because they sold it for such low price. Now they will bang balls even harder.

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