11 stories mentioning SGX:XZLUpdated 19d ago
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Acrophyte Hospitality Trust (SGX:XZL) named Tommy Wu Keyi as its Chief Operating Officer, effective Setp. 1, according to a Monday filing with the Singapore Exchange.Keyi has been the director operations of Acrophyte Hospitality Trust Management since May, the filing showed.
Singapore shares clawed back to gain nearly 1% on Wednesday, tracking broader regional gains as investors continue to monitor the US-Iran developments.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,674.23 and 5,735.68 throughout the day. It ended the session at 5,735.68, up 55.22 points or nearly 1% compared to Monday's close.On the corporate front, shares of Kingsmen Creatives (SGX:5MZ) were up nearly 2% at the close as its unit, Kingsmen Exhibits, secured a design and build contract worth around SG$30 million for the National Service-Themed Gallery in Singapore.Acrophyte Hospitality Trust (SGX:XZL) said it remains in discussions with sponsor Tang Organization over a potential transaction linked to its stapled securities.Meanwhile, Samudera Shipping Line (SGX:S56) closed over 1% higher as it increased its investment in Samudera Ship Holdings via the subscription of 20.3 million shares at $1 per share, for an aggregate amount of $20.3 million.
Acrophyte Hospitality Trust (SGX:XZL) said it remains in discussions with sponsor Tang Organization over a potential transaction linked to its stapled securities, according to a Monday filing with the Singapore Exchange.The hospitality trust said there are no guarantees the talks will lead to any transaction.Shares of the trust were up over 2% in Tuesday trading.
Acrophyte Hospitality Trust (SGX:XZL) said the proposed sale of its Hyatt Place Atlanta Norcross Peachtree Corners hotel was terminated after the buyer decided to withdraw during its due diligence process, according to a Thursday filing with the Singapore Exchange.Following the termination, an earnest money deposit of $100,000 has been refunded, with the manager looking to explore strategic options for the property.
Acrophyte Hospitality Trust's (SGX:XZL) net loss narrowed to $9.8 million in the first six months of 2026 from a $10.4 million loss recorded a year ago, according to a Thursday filing to the Singapore bourse.The company's shares were down nearly 9% in recent trade.Loss per share contracted to $0.017 compared with a loss per share of $0.0179 a year earlier, the hospitality company said.The company's revenue slipped 2.6% to $76.1 million in H1 from $78.1 million a year ago.
Singapore shares plunged on Thursday, closing in the red zone amid increased concerns about supply availability following tensions around the Red Sea and strikes between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,546.44 and 5,590.39 throughout the day. It ended the session at 5,581.76, down 13.66 points or 0.2% compared to Wednesday's close.In economic news, Singapore's core consumer price index (CPI), which excludes accommodation and private transport costs, rose 1.6% year over year in June, according to joint data released by the Monetary Authority of Singapore and the Ministry of Trade and Industry.On the corporate front, shares of Acrophyte Hospitality Trust (SGX:XZL) jumped nearly 7% at the close as it completed the divestment of Hyatt Memphis Primacy Parkway for $6.9 million.ISDN (SGX:I07) closed nearly 4% lower as its subsidiary, PT Leaptron Engineering, was liquidated.Meanwhile, Alpha Integrated Real Estate Investment Trust's (SGX:M1GU) distribution per unit, or DPU, climbed 19% in the first half of 2026 to SG$0.0203 from SG$0.0170 a year earlier.
Acrophyte Hospitality Trust (SGX:XZL) completed the divestment of Hyatt Memphis Primacy Parkway for $6.9 million, according to a Wednesday filing with the Singapore Exchange.Earlier, the trust had signed an amendment agreement with Shivam Patel to divest the 126-room hotel located in Memphis, Tennessee, US.Shares of the trust were up nearly 7% in Thursday trading.
Acrophyte Hospitality Trust (SGX:XZL) will divest the Hyatt Place Atlanta Alpharetta Windward Parkway and Hyatt Place Atlanta Norcross Peachtree Corners by selling them to Viator Hotels for $17.3 million, according to a Friday filing with the Singapore Exchange.The trust's managers said the hotels were identified as non-core, underperforming assets.Net proceeds from the sale will be used to fund ongoing portfolio renovations and for general working capital purposes.The divestments are expected to be completed in the fourth quarter, the filing said.
Acrophyte Hospitality Trust (SGX:XZL) strategic review and discussions over a potential transaction related to its securities is currently ongoing, according to a Monday filing with the Singapore Exchange.The trust's managers add that there is no certainty whether the discussions will lead to a transactin.
Acrophtye Hospitality Trust's (SGX:XZL) net property income dropped 14% during the first quarter of the year to SG$4.5 million from SG$5.3 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Revenue fell 2.6% year over year to SG$32.6 million from SG$33.5 million, following hotel divestments and renovations.
Acrophyte Hospitality Trust's (SGX:XZL) chief executive officer, Lee Jin Yong, stepped down from the role, effective July 15, according to a Monday filing with the Singapore Exchange.Yong held directorship roles at ARA Real Estate Investors 31 and other companies in the last five years.
