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| The Group’s total assets as at
end-2006 were S$20.6 billion, up from
S$18.2 billion in 2005. The increase
of S$2.4 billion was mainly attributed to
new investments and the consolidation
of Hua Qing Holdings Pte Ltd and its
subsidiary following the acquisition of
an additional stake during the year.
The increase was partially offset by the
disposals of some investment properties
as well as the divestment of Raffles City
Singapore. Overseas assets made up
57.8% of the Group’s total assets, up
from 55.1% a year ago. This is the
outcome of our concerted efforts to
diversify and expand in the higher
growth Asian countries and other
new markets. |
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