{"id":69440,"date":"2017-10-19T09:28:26","date_gmt":"2017-10-19T02:28:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-raises-12-95m-via-sale-of-treasury-shares\/"},"modified":"2017-10-19T13:03:06","modified_gmt":"2017-10-19T06:03:06","slug":"oxley-raises-12-95m-via-sale-of-treasury-shares","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-raises-12-95m-via-sale-of-treasury-shares\/","title":{"rendered":"Oxley raises $12.95m via sale of treasury shares"},"content":{"rendered":"


\nSingapore-listed Oxley Holdings has raised $12.95 million in net sales proceeds through the sale of 22.75 million treasury shares, revealed an SGX filing on Wednesday (18 October).
\nThe raised amount will be used by the home-grown property developer with a market capitalization of approximately $1.9 billion for working capital purposes.
\nThe treasury stocks were transacted for cash at $0.59 apiece, which represents a discount of 8.3 percent to the company\u2019s volume weighted average stock price of about $0.64 on 12 October.
\nBased on Oxley\u2019s overall issued shares of around 2.95 billion, including the newly placed treasury shares, earnings per share is expected to reach $0.074 cents for FY2017.
\nIt also stated that the stocks were sold via Maybank Kim Eng Securities on Tuesday (17 October) to about 34 investors, such as ICH Capital, Asdew Acquisitions, and Island Asset Management.
\n\u201cThis placement of our treasury shares attracted a good mixture of prominent investors from institutional funds, corporate and individual investors, which demonstrates the strong confidence investors have in our long-term prospects,\u201d said Oxley Holdings Executive Chairman and CEO Ching Chiat Kwong.
\nHe added that FY2017 has been a terrific year for the company. \u201cWith the completions of several major projects which generated good performance, FY2017 has been another year of respectable growth for Oxley. Operationally, we enhanced our profile as a strong property developer, expanded our presence overseas, and improved on our project pipeline.\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley raises .95m via sale of treasury shares<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore-listed Oxley Holdings has raised $12.95 million in net sales proceeds through the sale of...<\/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-69440","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-i40","jetpack-related-posts":[{"id":83821,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-planning-up-to-7-spore-projects-for-rest-of-2018\/","url_meta":{"origin":69440,"position":0},"title":"Oxley planning up to 7 S\u2019pore projects for rest of 2018","date":"March 27, 2018","format":false,"excerpt":"\r Oxley\u2019s executive chairman and CEO Ching Chiat Kwong. Oxley Holdings plans to launch up to seven property projects in Singapore over the next nine months in a bid to take advantage of the ongoing recovery in the private housing market, according to an SGX filing on Monday (26 Mar).\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":69440,"position":1},"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":90524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rbs-shares-sold-at-2bn-loss-as-treasury-says-it-is-unrealistic-taxpayers-will-ever-make-profit\/","url_meta":{"origin":69440,"position":2},"title":"RBS shares sold at \u00a32bn loss as Treasury says it is 'unrealistic' taxpayers will ever make profit","date":"June 5, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...RBS shares sold at \u00a32bn loss as Treasury says it is 'unrealistic' taxpayers will ever make profit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-buys-vista-park-via-en-bloc-sale-for-418m\/","url_meta":{"origin":69440,"position":3},"title":"Oxley buys Vista Park via en bloc sale for $418m","date":"December 15, 2017","format":false,"excerpt":"\r The owners of the 209-unit Vista Park in 50-66 South Buona Vista Road has agreed to sell the property via collective sale to Oxley Holdings for $418 million on Thursday (14 December). The property was acquired by the company\u2019s wholly-owned unit Oxley Spinel Pte Ltd, which intends the refresh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-buys-freehold-mixed-use-site-for-14-5m\/","url_meta":{"origin":69440,"position":4},"title":"Oxley buys freehold mixed-use site for $14.5m","date":"November 6, 2017","format":false,"excerpt":"\r A wholly-owned unit of Oxley Holdings has exercised an option to purchase a 462 sq m freehold site at Tessensohn Road for $14.5 million, revealed an SGX filing on Friday (3 November). The vacant land zoned for residential with commercial at the ground floor is being acquired by Oxley\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41246,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-posts-stellar-sales-profit\/","url_meta":{"origin":69440,"position":5},"title":"Oxley posts stellar sales, profit","date":"January 20, 2017","format":false,"excerpt":"\r Ching Chiat Kwong, Executive Chairman and CEO at Oxley Holdings. Oxley Holdings announced on Thursday (19 January) that its net profit surged by 58 percent to $130.9 million during the last six months of the preceding year, compared to the same period in 2015. At the same time, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69440"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=69440"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69440\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=69440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=69440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=69440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}