22-02-2012, 08:48 AM
LCH has contracted to sell its 5% stake in a Grade-A office tower - Twenty Anson, located at 20 Anson Road - to CapitaCommercial Trust for $8.9m in cash, and the proposed sale is expected to bring in a gain of approx. $6.3m....
http://info.sgx.com/webcoranncatth.nsf/V...B00832FEE/$file/LCH_DisposeInterest_22Feb12.pdf?openelement
Upon completion, based on the latest 370.884m outstanding issued shares (as at 30Jan12), the $6.3m gain will add $0.017 to LCH's EPS in FY12 (ending 30Jun12).
This is a pleasant surprise to me, as I am totally unaware that LCH has a 5% stake in Twenty Anson!
http://info.sgx.com/webcoranncatth.nsf/V...B00832FEE/$file/LCH_DisposeInterest_22Feb12.pdf?openelement
Upon completion, based on the latest 370.884m outstanding issued shares (as at 30Jan12), the $6.3m gain will add $0.017 to LCH's EPS in FY12 (ending 30Jun12).
This is a pleasant surprise to me, as I am totally unaware that LCH has a 5% stake in Twenty Anson!