Singapore Property | In a recent press release, Oxley Holdings has just revealed that they are thinking about having their real estate business restructured particularly with their transactions in Malaysia. On top of that plan, the highly-reputable name in property development industry is also eyeing to be a part of the Catalist listing from the SGX.
Oxley Holdings has several well-known development projects in different parts of the world including London, China, Singapore and Cambodia as well. In Singapore alone, it boasts more than twenty developments scattered in different parts of the country, varying from residential to industrial projects. The local development includes the Flora Vista, Floraville, Floraview, The Rise @ Oxley – Residences, NeWest at West Coast and The Flow @ East Coast to name some. They also formed a partnership with TEE Land with their other developments, who is currently developing projects such as Bang Pho and 183 Upper Thomson Road at the same time. Oxley Holdings has some overseas developments in the pipeline like the Peak at Cambodia, the Bridge at Cambodia and the Royal Wharf at London.
Last April 2014, they also made an announcement regarding their plans to have their overseas developments restructured as well. According to their SGX filing, because of the economic and financial uncertainties in the industry, the directors of Oxley Holdings are planning to limit the restructuring of the development business in Malaysia alone.
But even though there are restructuring plans for the company, Oxley still wants to control the majority of the projects enlisted for the said process. They have a team of professional advisers who would help them and aid them during the whole course of restructuring to ensure a flawless procedure.
As of this moment, the board of Oxley Holdings would like to pay more attention to the presentation of the proposed restructurings and the first couple of stages of the process. In time, there will be more extensive work involved which they will prepare for along with the aid of their proficient advisers.