Oxley Completes Construction of Flagship Oxley Towers; Shares Up Nearly 3%

MT Newswires

2025/09/01

Oxley (SGX:5UX) completed the construction of its flagship development, Oxley Towers KLCC, according to a Friday filing with the Singapore Exchange.

Shares of the company were up nearly 3% in Monday trading.

The company expects to generate around 200 million ringgit from sales proceeds, followed by another 60 million ringgit from its committed sold units.

The company also retains around 550 million ringgit worth of inventory.

Meanwhile, the group is planning to divest the hotel business inside the towers to unlock value and optimize cashflow.

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