Another Asset Disposal to Unlock Value for Soho China, but Path Forward Unclear
Soho China has announced it will dispose of Sky Soho based on an asset value of CNY 5,008 million. The sale price represents an 8% premium to the asset’s latest book value. The asset accounted for about 11% of the company’s rental income during first-half 2017, and the sale is part of the company’s announced strategy of unlocking value through the disposal of noncore assets. As Soho China is trading below its book value, the disposal will narrow the discount. We have adjusted our assumption of t...Soho China is engaged in property development and property investments. Co. operates within three segments: completed projects held for sale; completed investment properties; and projects under development.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.