Divesting Chevron House to Golden Compass BVI for $1.025b
- The group has commenced alterations and additions, as well as the AEI works on the 24,273 sqm property to be completed before the final completion of the deal.
- The proposed sale is part of efforts to deleverage its gearing, which stood at a hefty 2.55x as at Dec '18.
- Trades at 0.88x P/B.