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OUE and Heeton Warn of FY2020 Annual Loss

OUE and Heeton Warn of FY2020 Annual Loss

Singapore-based real estate developers OUE and Heeton warned of reporting an annual loss for 2020 via exchange filings. OUE said that the annual loss is primarily attributable to the S$ 435.4mn ($328mn) in net fair value losses on its investment properties. About 60%...
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