Coliwoo Shareholders Approve Sale of Middle Road Property to Ascott

Bitget2026/10/20 09:33

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Coliwoo shareholders backed the proposed sale of 141 Middle Road to Ascott on September 25, 2026, with 99.99% support.
The property will continue operating under the Coliwoo brand through a leaseback arrangement.
The sale is expected to reduce the group’s gearing ratio from approximately 57.2% to 52.6%.
Proceeds will fund debt repayment, working capital and existing or developing projects.
Ascott initiated the transaction with an approach around May 2026; negotiations were exclusive, with no other buyers involved.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coliwoo Holdings Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: DHRP2ER0GYBS6PDM) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Coliwoo Shareholders Approve Sale of Middle Road Property to Ascott

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