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acquisition
Broker's Calls
PhillipCapital upgrades Ascendas REIT to 'buy' on MQX4 acquisition
The upgrade comes as Ong adjusts her forecasts to reflect the REIT’s acquisition of MQX4.
November 02, 2020
Telecommunications
Singtel subsidiary Optus acquires Australia mobile virtual network operator for $240 mil
Amaysim is the largest mobile virtual network operator (MVNO) in Australia and fourth largest mobile provider in the country.
November 02, 2020
M&A
Mary Chia to acquire 80% of Monsoon Hairdressing for $3.05 million
To help pay for the acquisition, an investor Michael Marcus Liew will subscribe $800,000 worth of new Mary Chia Holdings shares
October 28, 2020
Company in the news
Q&M subsidiary serves arbitration notice to majority shareholder of subsidiary
Shares in Q&M closed 1.5 cents higher or 3.2% up, at 48.5 cents on Oct 22.
October 22, 2020
Broker's Calls
Three cheers to ThaiBev for higher returns
Three cheers to ThaiBev for higher returns
October 21, 2020
Broker's Calls
Maintain 'add' on Elite Commercial REIT after it completes first milestone acquisition: CGS-CIMB
CGS-CIMB have maintained their “add” call on Elite Commercial REIT after its acquisition of 58 additional commercial properties.
October 20, 2020
Company in the news
Oei Hong Leong drops suit against Raffles Education
Raffles Education said that it has consented to the discontinuance, which has been accepted and approved by the High Court.
October 14, 2020
Broker's Calls
Analysts see Suntec REIT's London acquisition as positive, though higher gearing could drag near-term share price performance
Analysts from CGS-CIMB, DBS, OCBC and UOB Kay Hian have given "buy" calls on the counter.
October 13, 2020
REITs
Frasers Centrepoint Trust announces transformational transaction, catapulting it to the big league
On Sept 3, the manager of Frasers Centrepoint Trust announced it plans to acquire the 63.1% PGIM Asia Retail Fund (ARF) held by Frasers Property (FPL). FCT's manager also announced the proposed sale of Bedok Point.
September 03, 2020
M&A
Keppel acquires 49% stake in Jiangsu residential site for $97 mil
Keppel says that as at end-December, the adjusted net tangible asset value of the property, based on its value attributable to the share sales, stood at RMB498 million.
March 05, 2020