Oxley Holdings Ltd *Official* (SGX:5UX)

Jupiter2017

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http://www.businesstimes.com.sg/com...-in-s38m-property-buy-from-interested-parties
Oxley unit in S$38m property buy from 'interested parties'
TUE, DEC 26, 2017 - 10:47 PM TAN HWEE HWEE hweetan@sph.com.sg

OXLEY Amethyst Pte Ltd, a wholly owned subsidiary of Oxley Holdings has exercised the option to purchase a freehold property along Balestier Road for S$38 million from Owen Pte Ltd, in which the former's chief executive is a significant shareholder.
Oxley said after Tuesday's trading close that the freehold property occupies 1,118.4 sq m in total land area.
It is zoned residential with commercial on the first storey at a gross plot ratio of 3.0.
Oxley said that a sum of S$380,000 has been paid upon its subsidiary being granted the option. Another S$1.52 million has been paid upon the exercise of the option.
The remaining balance of the purchase consideration will be paid on completion of the transaction within eight weeks from the exercise of the option.
The shareholders of Owen are Oxley's executive chairman and CEO, Ching Chiat Kwong, deputy CEO Low See Ching and the listed company's substantial shareholder, Tee Wee Sien. These three parties hold 47.5 per cent, 42.5 per cent and 10 per cent, respectively, of Owen's issued share capital.
Oxley qualified however that shareholders' approval is not required for this property purchase which is priced at about 3.5 per cent of the group's latest audited net tangible assets as at June 30.
The company added that the purchase will allow it to undertake a larger development of greater value by amalgamating this new property with No 3 Tessensohn Road and an adjoining strip of state land.
It said that the audit committee, having reviewed the terms of the deal, holds the view that the purchase is based on normal commercial terms and not prejudicial to the interests of the company and its minority shareholders.

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http://www.businesstimes.com.sg/companies-markets/oxley-unit-subscribes-to-stake-in-australia-firm
Oxley unit subscribes to stake in Australia firm
WED, DEC 27, 2017 - 8:16 AM CLAIRE HUANG huangjy@sph.com.sg

INTERNATIONAL property developer Oxley Holdings' subsidiary has taken a 25.5 per cent stake in an Australian firm.
The mainboard-listed group on Wednesday said in a filing with the bourse operator that Oxley Australia Pty Ltd subscribed for over 4.8 million fully paid shares in Pindan Capital Mermaid Beach Pty Ltd (PC Mermaid Beach), which has an issued share capital of A$19 million (S$19.7 million).
The remaining share capital comprising 14.2 million shares is held by Pindan Capital Investments Pty Ltd, a wholly owned subsidiary of Pindan Group Pty Ltd. Oxley Holdings holds a 40 per cent stake in Pindan Group.
PC Mermaid Beach has acquired a 1,417 square metre site in the centre of Broadbeach and Mermaid Beach on the Gold Coast, Australia and intends to undertake a high-rise residential development on the site, subject to obtaining all relevant regulatory approvals.
The investment in PC Mermaid Beach is in line with Oxley Holdings' expansion plans.
The group said that this investment will be funded by internal resources and is not expected to have any material impact on its net tangible assets per share or earnings per share for the current financial year ending June 30, 2018.
 

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http://www.businesstimes.com.sg/com...-queries-on-its-investment-in-australian-firm
Oxley Holdings responds to SGX queries on its investment in Australian firm
MON, JAN 01, 2018 - 5:25 PM VIVIEN SHIAO vshiao@sph.com.sg

PROPERTY developer Oxley Holdings provided further details of its recent investment in Australian firm Pindan Capital Mermaid Beach (PC Mermaid Beach), in response to queries from the Singapore Exchange (SGX).
In a filing to the SGX, Oxley said that PC Mermaid Beach was a dormant entity and had a paid-up capital of A$100 (S$104) and no assets, prior to its acquisition of a development site on the Gold Coast, Australia.
PC Mermaid Beach had previously acquired a 1,417 sq m site in the centre of Broadbeach and Mermaid Beach on Australia's Gold Coast, and intends to undertake a high-rise residential development on the site, subject to getting all regulatory approvals.
The aggregate consideration of A$4.85 million for the investment in PC Mermaid Beach, comprising 4.85 million fully paid ordinary shares, was based on the issue price of A$1 per subscription share. The subscription shares constitute 25.5 per cent of the total issued share capital of A$19 million.
The consideration has been fully paid upon the subscription of the subscription shares, said Oxley.
 

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http://www.businesstimes.com.sg/com...s-oxley-q2-net-profit-falls-45-to-s68-million
Fair value loss hits Oxley; Q2 net profit falls 45% to S$68 million
Thu, Jan 18, 2018 - 9:22 PM Lee Meixian leemx@sph.com.sg

FAIR value loss of nearly S$17 million on financial instruments arising from marked-to-market positions took a toll on results for Oxley Holdings in its second quarter.
Net profit dived 45 per cent to S$68 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.
For the three months ended Dec 31, revenue tumbled 33 per cent to S$406.1 million from the previous year.
Earnings per share dropped to 2.1 Singapore cents, from 3.84 Singapore cents in the year-ago period.
Net asset value per share edged up to 36.16 Singapore cents as at Dec 31, 2017, from 35.71 Singapore cents in six months ago.
Oxley has declared an interim dividend of 0.72 Singapore cents per share, compared with 0.5 Singapore cent in the preceding year.
The developer also proposed a bonus issue of new shares on the basis of one bonus share for every five existing shares held.
Oxley Holdings shares ended half a Singapore cent higher at S$0.67 on Thursday.

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http://www.businesstimes.com.sg/com...0-stake-in-hebei-real-estate-jv-for-100m-yuan
Oxley, Lian Beng, Heeton buy 50% stake in Hebei real estate JV for 100m yuan
TUE, JAN 23, 2018 - 8:49 PM MARISSA LEE marilee@sph.com.sg

KAP Holdings (China), a joint venture company that mixes the interests of Oxley Holdings, Lian Beng Group and Heeton Holdings, has invested 100 million yuan (S$20.6 million) to subscribe for a 50 per cent stake in Hebei Yue Zhi Real Estate Development Co, which is incorporated in China.
Subject to the receipt of approvals from the relevant authorities, Yue Zhi intends to carry out real estate development and management for a development project in Gaobeidian, Hebei.
Lian Beng owns 20 per cent of KAP and will invest 20 million yuan in the acquisition, it said in a bourse filing on Tuesday.
Heeton owns 15 per cent and will invest 15 million yuan, it said in a separate filing, while Oxley owns 55 per cent.
Prior to the acquisition, the registered capital of Yue Zhi was 55 million yuan, held by Beijing Jia Hua Hong Yuan Investment Co (82 per cent) and Gaobeidian City Lei Hua Yi Wei Sport Development Co (18 per cent).
KSH International Investment is also adding 45 million yuan to the registered capital of Yue Zhi.
After the acquisition, the registered capital of Yue Zhi will be increased to 200 million yuan.
Yue Zhi had negative net tangible assets of about 148,608 yuan as at Nov 30, 2017.

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http://www.businesstimes.com.sg/com...0-notes-due-in-2022-under-us1b-note-programme
Oxley unit prices S$150m 5.70% notes due in 2022 under US$1b note programme
Thu, Jan 25, 2018 - 8:09 AM Navin Sregantan navinsre@sph.com.sg

A UNIT of Oxley Holdings has priced its S$150 million 5.70 per cent notes, which mature on Jan 31, 2022 under a US$1 billion guaranteed euro medium term note programme.
Under the programme, its subsidiary Oxley MTN may "issue medium term notes unconditionally and irrevocably guaranteed by the company".
The net proceeds from the issue of the notes are presently intended to be used for general corporate purposes and working capital requirements of the company and its subsidiaries,joint venture entities and associated entities, Oxley said in a filing with the Singapore Exchange (SGX) on Thursday morning.
The approval in-principle for the establishment of the notes programme has been granted by the Singapore bourse. An application for the listing and quotation of the notes will be made in due course, Oxley added.
DBS Bank is the sole arranger of the programme. DBS, together with Credit Suisse and OCBC, is also joint bookrunner for the issuance of the notes.
Oxley Holdings units ended down S$0.005 or 0.7 per cent at S$0.715 on Wednesday.

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Mergui219067

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The gunho bui bui CEO borrows & borrows.
The banks he uses better pray that everything
goes well.

In China , Wanda & HNA did this & have ‘some
problems’ now.
 

BeHappyLo

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The gunho bui bui CEO borrows & borrows.
The banks he uses better pray that everything
goes well.

In China , Wanda & HNA did this & have ‘some
problems’ now.

Bank shareholders in EDMW seems like got no concern le. Everyday shouting DBS, OCBC will cheong to $30 and $20!
 

BeHappyLo

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Bank shareholders in EDMW seems like got no concern le. Everyday shouting DBS, OCBC will cheong to $30 and $20!

DBS Bank is the sole arranger of the $1b MTN programme. DBS, together with Credit Suisse and OCBC, is also joint bookrunner for the issuance of the notes....... No edmwer owning DBS or OCBC is worried la.
 

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http://www.businesstimes.com.sg/com...-huang-clan-association-for-s13m-to-be-turned
Oxley subsidiary purchases site of Huang Clan Association for S$13m; to be turned into mixed development
Mon, Feb 05, 2018 - 6:33 PM Navin Sregantan navinsre@sph.com.sg

PROPERTY developer Oxley Holdings on Monday revealed that its wholly owned subsidiary has entered an agreement for the purchase of a plot in Geylang for S$13 million, which will be turned into Sixteen35 Residences, an eight-storey mixed-use development.
The subsidiary - Oxley Pearl - had entered into the sale and purchase agreement with Huang Shi Zong Hui (Huang Clan Association) for the 99-year leasehold plot at Lot 98849K of Mukim 24 at 16 Lorong 35 Geylang.
It has an area of approximately 2,219.6 square metres and is zoned for residential/institution under the Urban Redevelopment Authority's 2014 Master Plan.
The development will house the clan association's premises at the second and third storeys and residential flats from the fourth to eighth storeys with swimming pool and communal facilities and car park at the basement, Oxley said in a filing with the Singapore Exchange.
Upon completion, Oxley will transfer the association's units to be held in trust for the association as beneficial owner, it added.
Oxley shares finished S$0.03 or 4.3 per cent lower at S$0.665 on Monday.

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