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GuocoLand Limited ( (SG:F17) ) has shared an update.
GuocoLand Limited announced that its wholly-owned subsidiary, GLL IHT Pte. Ltd., has received a favorable ruling from the Inland Revenue Authority of Singapore regarding its S$300 million subordinated perpetual securities. These securities will be classified as ‘debt securities’ under Singapore’s Income Tax Act, allowing holders to benefit from tax concessions available for qualifying debt securities, subject to certain conditions. This development is significant for stakeholders as it enhances the attractiveness of the securities by offering potential tax benefits, thereby potentially improving the company’s financial positioning and appeal to investors.
The most recent analyst rating on (SG:F17) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.
More about GuocoLand Limited
GuocoLand Limited is a company operating in the real estate industry, primarily focused on property development and investment. The company is known for its residential, commercial, and integrated development projects, with a market focus on delivering high-quality properties in strategic locations.
Average Trading Volume: 363,009
Technical Sentiment Signal: Buy
Current Market Cap: S$2.24B
For a thorough assessment of F17 stock, go to TipRanks’ Stock Analysis page.