Wednesday, March 7, 2012

Orchard Parade shares leap on Reit talk

Business Times: Tue, Mar 06
TALK of Far East Organization subsidiary Orchard Parade Holdings Ltd (OPHL) looking to spin off a real estate investment trust (Reit) is making its rounds again, sending its shares surging yesterday and prompting the Singapore Exchange (SGX) to issue a trading query to the firm.

About two hours into the trading day, OPHL's shares shot up over 8 per cent, or 14 cents, to a high of $1.81. This led the SGX to question the company on the stock's trading activity...To find out more, kindly join us at Real Estate Digest

Team Marshe
Martin Koh/ Sherry Tang
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