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.