HOSPITALITY player AF Global's proposed 292.8 million yuan (S$57.6 million) sale of a 55 per cent interest in its joint venture (JV) did not take place.

THREE mainboard-listed companies on Monday warned that they would sink into the red in their upcoming financial results.

AF Global has proposed to dispose of its 55 per cent stake in Xuzhou Yinjian LumChang Real Estate Development Co - a property development joint venture (JV) in China - for 292.8 million yuan (S$57.6 million).

SINGAPORE (June 8): AF Global’s indirect wholly-owned subsidiary LC Logistics has disposed its entire 55% stake in Xuzhou Yinjian LumChang Real Estate Development Co (XZYJLC) for a consideration of RMB292.8 million (S$57.6 million) on Friday (June 5). The purchasers, Beijing Jinyinjian Taxi Co and...

SINGAPORE (April 14): A consortium led by Heeton Holdings has fully acquired LC London, which owns the Crowne Plaza London Kensington hotel in London, UK, for £84.3 million ($148.9 million). AF Global, who in Dec last year announced it was selling full ownership rights for Crowne Plaza London Kens...

AF Global posted an 88 per cent drop in full-year net profit to S$926,000 from S$7.95 million a year ago, dragged by litigation fees incurred from a shareholders dispute, the property and hospitality company said on Wednesday night.