WEE Hur Holdings’ recent sale of a chunk of its Australian purpose-built student accommodation (PBSA) portfolio could be described as something of a coup for the construction and real estate group.

NEWS of Wee Hur Holdings' partial divestment of its stake in a student accommodation fund to a GIC-linked investment company have sent its shares soaring.

Investors are positive on Wee Hur Holdings’ latest development as shares in the company surged 11.11% to an intra-day and 52-week high of 22 cents from its last-closed price of 19.8 cents.Earlier in the day, Wee Hur Holdings announced that it has disposed of its 49.9% stake in its Australia purpos...

WEE Hur Holdings will be selling a 9.9 per cent stake in Wee Hur PBSA Master Trust (WHPMT), an Australian focused purpose-built student accommodation fund, for A$112.7 million (S$113.3 million), said the property developer and builder in a bourse filing on Friday (Apr 22).

WEE Hur Holdings will be selling a 9.9 per cent stake in Wee Hur PBSA Master Trust (WHPMT), an Australian focused purpose-built student accommodation fund, for A$112.7 million (S$113.3 million), said the property developer and builder in a bourse filing on Friday (Apr 22).

LESS than an hour after the Singapore stock market opened for trading on Friday (Apr 22), shares of Wee Hur Holdings soared after it announced that it was selling a 9.9 per cent stake in its student accommodation fund in a deal that was 2.8 times its book value.

WEE Hur Holdings will be selling its 9.9 per cent stake in Wee Hur PBSA Master Trust (WHPMT), an Australian focused purpose-built student accommodation fund, for A$112.7 million (S$113.3 million), said the property developer and builder in a bourse filing on Friday (Apr 22).

THE following companies saw new developments that may affect trading of their securities on Friday (Apr 22): Keppel Corporation: The company logged <a href="/companies-markets/keppel-corp-posts-higher-q1-profit-3-out-of-4-key-segments-fare-better" target="_blank">hi...

WEE Hur Holdings reported a loss of about S$25 million - its first red ink in over 40 years of business - for the first half of FY2021, as the mainboard-listed property developer and builder got hard hit by the pandemic.

WEE Hur Holdings reported a loss of about S$25 million - its first red ink in over 40 years of business - for the first half of FY 2021, as the mainboard-listed property developer and builder has been hard hit by the pandemic.