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While Singapore One Animation obtained an undisclosed B series run by STI Financial Group, a Hong Kong-based investment company, Frasers Commercial Trust sells 55 Market Street to Raffles Place for $ 216.8 million ($ 159.44 million). The Financial Group Supports One Animation
The Singaporean animation studio One Animation has been awarded an undisclosed Series B tour led by the Hong Kong investment firm STI Financial Group, announced the latter in an announcement today. # 39; hui.
Ranbor Li joins the One Animation Board of Directors to assist his strategy and business development. STI is an existing investor in the start-up, with Jungle Ventures, when it invested in the One Animation Series of One Animation in 2015.
The product will be used to market existing toys and merchandise in new markets, develop new intellectual properties and hire more talent. Founded in 2008, One Animation is an animation animation studio and has produced a portfolio of intellectual properties that have been broadcast in global networks such as Disney Channel, Cartoon Network, Nickelodeon in 180 countries. His animations are also visible on YouTube, Amazon and Netflix.
STI invested in a series of startups, including the Indonesian peer-to-peer platform UangTeman and the Chinese fintech startup PINTEC
Frasers Commercial Trust sells 55 Market Street [19659003] Frasers Commercial Trust (FCOT) sells Market Street, its 16-storey commercial property in Raffles Place, Singapore, for $ 216.8 million ($ 159.44 million) and the transaction will be completed by August 31, 2018, according to a report
The property has a total net leasable area of 71,796 sf and a committed occupancy of 87.9% as of March 31, 2018.
The consideration for the sale represents a premium of 44.5% compared to the $ 150 million ($ 110.3 million) valuation as of July 1, 2018.
The CEO of FCOT Manager Jack Lam said: 55 Market Street is the smallest asset in the FCOT and therefore not essential. "Monetizing the assets with a gain of nearly 67 million Singaporean dollars ($ 49 million) above the valuation and almost triple the initial purchase price unlocks a significant value," he said. it says
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