See what made Oxley Holdings transfer to the SGX Mainboard
Oxley Holdings gears into investor hunting mode.
In a release, property developer Oxley Holdings Limited (Oxley) announced its successful transfer of its listing from the Catalist to the Mainboard of the Singapore Exchange.
Commenting on the transfer of its listing, Mr Ching Chiat Kwong, Executive Chairman and CEO of Oxley said, “This transfer represents more than two years of diligence in executing our business strategy and financial achievement. These are exciting times, and a Mainboard listing will not only likely to enhance the future liquidity of Oxley’s shares, but should also be a good platform for reaching a wider group of investors. We would like to thank our shareholders, business partners and customers for their support in making this possible.”
For its financial year ended 30 June 2012 (FY12), Oxley reported a net profit of S$16.9 million on revenue of S$159.4 million. Bearing any unforeseen circumstances, the Group is cautiously optimistic about the business outlook for the current financial year, with its revenue and net profit for the half year ended 31 December 2012 standing at S$109.8 million and S$18.0 million respectively.
Since going public in October 2010, Oxley has launched 20 mixed-residential, commercial and industrial developments to good market response. 16 of these developments have been fully sold, while the remaining four are nearly fully sold. The Group was first known for its signature offerings of freehold, mixed residential-cum-commercial developments situated in prime locations and outfitted with lifestyle features. Among them, Loft@Holland was sold out within two hours of its preview. Other notable projects include its lifestyle industrial and commercial projects including its freehold strata-title commercial developments, Robinson Square and Oxley Tower, as well as the 98%-sold, 728-unit Oxley Bizhub at Ubi Road which set a new price benchmark for the vicinity.
The Group currently has 10 projects in its pipeline, consisting of mixed residential, commercial and industrial developments. These include projects planned for the sites at McDonald’s Place at King Albert Park, Hong Leong Garden Shopping Centre at West Coast Road, 66 East Coast Road and a land parcel at Sunview Road.