{"id":108460,"date":"2019-06-26T11:10:12","date_gmt":"2019-06-26T04:10:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-40-interest-in-malaysias-aspen-vision-homes\/"},"modified":"2019-06-26T12:10:20","modified_gmt":"2019-06-26T05:10:20","slug":"oxley-acquires-40-interest-in-malaysias-aspen-vision-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-40-interest-in-malaysias-aspen-vision-homes\/","title":{"rendered":"Oxley acquires 40% interest in Malaysia\u2019s Aspen Vision Homes"},"content":{"rendered":"


\nOxley Holdings\u2019 fully-owned Malaysia unit has acquired a 40 percent equity interest in Malaysia-based Aspen Vision Homes Sdn Bhd (AV Homes) for RM20 million ($6.56 million).\u00a0Prior to Oxley\u2019s investment, AV Homes was a \u201cdormant subsidiary of AGH and had a net tangible asset value of RM6 million as at 20 June 2019, based on its management accounts\u201d.
\nA subsidiary of SGX-listed Aspen (Group) Holdings (AGH), AV Homes holds a 75 percent stake in Aspen Park Hills Sdn Bhd (APH), which entered into a RM165 million ($54 million) deal to acquire a freehold site measuring 29.05 acres in Paya Terubong, Penang, Malaysia.
\nAPH plans to develop the site into \u201cfour residential towers with communal facilities, two service apartment towers, lifestyle retail facilities and a clubhouse for the residents\u201d, said Oxley in an SGX filing.
\nOther shareholders of AV Homes are Lee Chee Seng (three percent), Wang Yu Huei (six percent) and AGH\u2019s fully-owned subsidiary, Aspen Vision Properties Sdn Bhd (51 percent).
\nMeanwhile, Oxley currently owns about 10 percent of the issued share capital of AGH.
\nOxley does not expect the investment to materially affect its earnings per share or net tangible assets per share for the current financial year ending 30 June 2019.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley acquires 40% interest in Malaysia\u2019s Aspen Vision Homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oxley Holdings\u2019 fully-owned Malaysia unit has acquired a 40 percent equity interest in Malaysia-based Aspen...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-108460","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sdm","jetpack-related-posts":[{"id":22656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sime-darby-wins-top-honours-at-south-east-asia-property-awards-malaysia-2016\/","url_meta":{"origin":108460,"position":0},"title":"Sime Darby wins top honours at South East Asia Property Awards (Malaysia) 2016","date":"August 12, 2016","format":false,"excerpt":"\r The conglomerate\u00a0was named\u00a0Best Developer and also collected a Special Recognition in Sustainable Development The third annual South East Asia Proeprty Awards (Malaysia) 2016 on 11 August What an evening! The South East Asia Property Awards (Malaysia), presented by Hansgrohe and organised by PropertyGuru Group, were given away\u00a0on Thursday evening,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79001,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-geylang-land-for-13m\/","url_meta":{"origin":108460,"position":1},"title":"Oxley acquires Geylang land for $13m","date":"February 6, 2018","format":false,"excerpt":"\r Oxley intends to develop a mixed-use project on the site called Sixteen35 Residences.\u00a0 Oxley Holdings, via its fully-owned subsidiary Oxley Pearl, has acquired a 99-year leasehold site from Huang Shi Zong Hui (Singapore) for $13 million. Located at 16 Lorong 35 Geylang, the land area measures about 2,219.6 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75297,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-acquires-freehold-property-from-interested-person\/","url_meta":{"origin":108460,"position":2},"title":"Oxley Holdings acquires freehold property from interested person","date":"December 27, 2017","format":false,"excerpt":"\r Oxley Holdings, via its wholly-owned subsidiary Oxley Amethyst Pte Ltd, has exercised an option to acquire a property along Balestier Road for $38 million from Owen Private Limited. With a land area of around 1,118.4 sq m, the freehold property is zoned residential with commercial on the first storey\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104691,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-insists-it-can-repay-its-hefty-debts\/","url_meta":{"origin":108460,"position":3},"title":"Oxley insists it can repay its hefty debts","date":"March 5, 2019","format":false,"excerpt":"\r Oxley\u2019s executive chairman and CEO Ching Chiat Kwong. Developer Oxley Holdings has clarified that it expects to recognise a higher amount of revenue from its local and overseas developments than what was recently reported, revealed an SGX filing on Friday (1 Mar). \u201cThe group\u2019s local projects are worth approximately\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysias-finest-developers-come-out-for-south-east-asia-property-awards-malaysia-2016\/","url_meta":{"origin":108460,"position":4},"title":"Malaysia\u2019s finest developers come out for South East Asia Property Awards (Malaysia) 2016","date":"July 21, 2016","format":false,"excerpt":"\r New supply\u00a0from outstanding Malaysian developers shows the market\u2019s continued signs of recovery The shortlist of the South East Asia Property Awards (Malaysia) 2016 at the Orchid Daria Room of InterContinental Kuala Lumpur. Panalists (L-R): Jason Tan, consultant, title sponsor Hansgrohe; Rachel Gianchandani, business development manager, PropertyGuru International; Sheldon Fernandez,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-residential-units-for-21-53mil\/","url_meta":{"origin":108460,"position":5},"title":"Oxley acquires residential units for $21.53mil","date":"December 13, 2017","format":false,"excerpt":"\r Oxley Holdings, via its fully-owned subsidiary Oxley Topaz Pte. Ltd., has exercised the option to acquire eight residential units at 21 Meyappa Chettiar Road for\u00a0a total price of $21.53 million. Zoned for residential use, the freehold property has a land area of around 898.1 sq m. 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