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Tag Archives for " Allco "

F&N Acquires Allco Commercial REIT and Allco (Singapore) Limited

The consolidation of REITs in Singapore have started with the sale of Allco Commercial REIT and the manager, Allco (Singapore) Limited to Fraser and Neave. Frasers Centrepoint Limited, a wholly-owned subsidiary of F&N, will buy over 17.7% of Allco Commercial REIT and 100.0% of Allco (Singapore) Limited from Allco Finance Group. Based on the offered […]

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Allco REIT – Extension of Short Term Debt Maturity

The latest announcement to come out from Allco REIT is that they have received in-principle approval for the extension of the maturity date for their $550 million loan. It was originally due on 31st July 2008; now the new date is set for 31st December 2009. There is another $70 million dollar debt which is […]

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Allco Commercial REIT Trading Suspension

This morning, Allco Commercial REIT requested for a trading halt. This comes in the light of recent developments in the listed entity. 19th March 2008 – Resignation of 3 non-executive directors linked to the parent company, Allco Finance Group, and appointment of 1 new executive director. The reason provided by the company is that the […]

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