The Group is proactively engaging with its tenants to lock in renewals ahead of their lease expiry dates. It is also seeking to tap new emerging industries with growth potential, such as co-working operators and technology-driven sectors. In January 2017, the Group signed an agreement to ...
The Group entered into a Sale and Purchase Agreement in December 2020 to sell Copthorne Orchid Hotel & Resort Penang in Malaysia for RM 75 million (approximately $25 million), with a pre-tax gain on disposal of $9.2 million. The deal is expected to close in Q2 2021. 9. Where a ...
On 3 June 2020, the arbitral tribunal issued its partial award with respect to the 1st Arbitration (the "1st Partial Award for the 1st Arbitration") and dismissed the Claimant's various claims against the Company for damages for breach of a shareholders' agreement (the "SHA"), conspiracy ...
The Group assumed that the assets used under the lease agreement are a subject of obligatory buy-out. 32 Assets due to the deferred income tax The Group recognizes the assets referring to all unused tax losses to be deducted in future in such amount, which is possible, that the tax income...
On 4 April 2012 the Company transferred eligible assets (£150 million of ordinary shares in 3i Infrastructure plc as defined by the agreement) to a wholly owned subsidiary of the Group. The Company will retain all income and capital rights in relation to the 3i Infrastructure plc shares, ...
(b) M&C entered into a sale and purchase agreement to sell a hotel, Copthorne Orchid Penang (which is in the hotel operations segment), to a third party for a sale consideration of $24.3 million. The agreement was terminated in December 2021 and the property was reclassified to property, ...
A long master lease agreement has been signed with the Distrii, the coworking company in China that the Group has an equity stake in it. This will remove all lease-up risk. An Asset Enhancement Initiative (AEI) will be carried out to enhance the asset. The Group's investments in China'...