Monday, May 29, 2006

[RealEdge] CNA : SGX open to sale and leaseback of headquarters building

Singapore News »
 Time is GMT + 8 hours
Posted: 29 May 2006 2148 hrs

SGX open to sale and leaseback of headquarters building



SINGAPORE : Singapore Exchange has confirmed it is open to selling its headquarters building and then leasing it back.

But it will only do so when market conditions are suitable.

It also says any sale won't automatically result in a special payout to shareholders.

It may find other possible uses for the money.

SGX was responding to an analyst report by Credit Suisse predicting the exchange will sell its building SGX Centre 1 by year-end. - CNA /ct



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// posted by Shajahan @ 11:58 PM


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