acquisition

SINGAPORE (Nov 13): Sapphire Corporation, the railway infrastructure engineering firm, has announced earnings of RMB17.6 million ($3.6 million) for the 3Q ended Sept, a 31.1% improvement from RMB13.4 million a year ago on higher revenue.

SINGAPORE (Nov 7): CIMB is positive on mm2 Asia’s proposed acquisition of Cathay Cineplexes, which it believes will give the entertainment group a strong foothold in Singapore and enhanced bargaining power with suppliers in the industry.

SINGAPORE (Oct 19): Mainboard-listed Dragon Group International is diversifying from electronics into mining although investor interest after the announcement remained muted.

SINGAPORE (Sept 28): OCBC Research is ceasing coverage on CWT Limited, the integrated logistics and supply chain solutions provider, given HNA Holding Group’s intentions to delist the company after acquiring it.

SINGAPORE (Sept 19): Unitholders of Manulife US REIT have given their approval for the REIT manager to proceed with the acquisition of 10 Exchange Place as well as a rights issue to partly fund the property.

SINGAPORE (Sept 15): Manulife US REIT, which was listed only in May last year after an IPO of its units at 83 US cents, recently proposed to acquire of a building called 10 Exchange Place in Jersey City, New Jersey for US$312 million ($422 million), and a

SINGAPORE (Sept 12): Lim & Tan Securities is recommending that investors switch from Frasers Centrepoint Limited (FCL) to UOL Group, given the latter’s cheaper price-to-book valuation (PB/V) of 0.78 times.

SINGAPORE (Sept 11): Frasers Centrepoint Limited is acquiring four income-producing business parks in the United Kingdom for a purchase consideration of £686 million ($1.2 billion).

SINGAPORE (Sept 4): New Silkroutes Group’s proposed 100% acquisition of American investment holding company Capital Group Investments has lapsed due to “certain restructuring” within Capital Group.

SINGAPORE (Sept 4): YuuLog Europe, a joint venture (JV) company recently set up between YuuZoo Corp and the former management of Cinram Logistics France (CLF), has acquired the business assets of CLF, including a business that is expected to generate more