trending Market Intelligence /marketintelligence/en/news-insights/trending/HP6XRWBWroEB3FTaLvJTrg2 content esgSubNav
In This List

OUE boosts Gemdale Properties stake with HK$815.9M investment

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


OUE boosts Gemdale Properties stake with HK$815.9M investment

OUE Ltd. increased its shareholding in Gemdale Properties and Investment Corp. Ltd. to about 27.9% from roughly 21.8% through the HK$815.9 million purchase of an additional 6.0% stake.

The Singapore-based company's Beacon Ltd. subsidiary bought 959,861,398 ordinary shares from the Hong Kong-listed property developer at a per-share price of 10 Hong Kong cents, according to a news release.