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KSH HOLDINGS LIMITED
|
ANNUAL REPORT 2015
MESSAGE FROM EXECUTIVE CHAIRMAN
AND MANAGING DIRECTOR
consists of two residential towers
and a 23-storey hotel poised to
benefit from Australia’s strong
tourism outlook. Separately, the
Group took on a 10.0% stake in its
first project in the U.K. market in
April 2015 to redevelop a freehold
hotel asset two minutes away
from Hammersmith Underground
Station in London into serviced
apartments. The Group believes
that these centrally-located
properties will create new recurring
income streams that will contribute
positively to the Group’s revenue.
As part of the Group’s strategy
to earn recurring income
through yield-accretive property
investments, KSH and a
consortium of investors acquired
a 92.8% stake in Grade A office
development, Prudential Tower
in Raffles Place, which has so far
enjoyed close to full occupancy
and will continue to generate
positive rental income given
its prime location. The Group’s
69.0%-owned investment in
36-storey retail and office complex
inTianjin, PRC –Tianxing Riverfront
Square – has sold approximately
40.0% of its office units, leased
out the remaining unsold units and
shopping podium, achieving high
occupancy rates of 90.0%.
ATTRACTIVE DIVIDENDS
To share the fruits of labour with
our faithful shareholders, we are
pleased to propose a final dividend
of 1.50 Singapore cents per share,
on top of an interim cash dividend
of 1.25 Singapore cents per
share distributed earlier this year,
bringing total dividend distributed
in FY2015 to 2.75 Singapore cents
per share, equivalent to a 5.3%
yield, as at May 29, 2015.
MUH
