Brief: OUE Ltd To Dispose All Interests In Aquamarina Hotel And Marina Centre Holdings Private Ltd

Singapore Land

12/04/2019 16:00

April 12 (Reuters) - OUE Ltd  OVES.SI :
    * CO TO DISPOSE ALL INTERESTS IN AQUAMARINA HOTEL PRIVATE
LTD AND
MARINA CENTRE HOLDINGS PRIVATE LTD
    * AGGREGATE CONSIDERATION FOR THE AQUAMARINA SALE SHARES AND
MARINA CENTRE SALE SHARES IS S$190 MILLION & S$200 MILLION IN
CASH RESPECTIVELY
    * GROUP EXPECTS TO RECORD AN INCREASE IN EARNINGS PER SHARE
OF
ABOUT S$0.15 FOR FY ENDING DEC 31 2019 FOLLOWING COMPLETION OF
DISPOSAL

Source text for Eikon:  ID:nSNZ77wGN1 
Further company coverage:  OVES.SI 

 ((Reuters.Briefs@thomsonreuters.com;))