acquisition

REITs

Prime US REIT beats IPO forecast by 9% with 4Q DPU of 1.77 US cents; launches private placement to help fund Sacramento property acquisition

After a strong 4Q, Prime US REIT is eyeing a DPU and NAV per unit accretive acquisition in Sacramento.

Corporate moves

Vividthree to buy “Silent Horror” comic for $1.5 million

SINGAPORE (Feb 11): Vividthree Holdings, plans to pay $1.5 million for the intellectual property rights of a comic title, Silent Horror. Under terms of the deal, the two sellers, Goh Chun Hoong and Goh Chun Keong, will receive in total cash of $0.5 millio

M&A

The Hour Glass makes foray into New Zealand with acquisition of Mansors Jewellers, two retail and commercial properties

The Hour Glass is investing more than NZ$80 million ($71.8 million) in these three purchases to mark its entry into New Zealand via its largest city.

Results

Singapore Exchange posts 2.6% increase in 2Q earnings to $99.0 mil, acquires 93% stake in Scientific Beta for $280 mil

Separately, SGX has announced that it will be acquiring a 93% stake in Scientific Beta, a smart beta index firm, for 186 million euros ($280 million).

M&A

UOI to buy Robinson Road property from UOB for $52 mil

SINGAPORE (Dec 18): United Overseas Insurance (UOI) is acquiring an office property located at 146 Robinson Road from United Overseas Bank (UOB) for $52 million, the group reported on Wednesday. 

M&A

Keppel Seghers acquires 18% stake in environmental solutions provider Zerowaste Asia for $5 mil

SINGAPORE (Dec 16): Keppel Seghers, the wholly-owned subsidiary of Keppel Infrastructure, which is a division of Keppel Corporation, is set to acquire an 18.18% stake in environmental solutions provider Zerowaste Asia for $5 million. 

M&A

Singapore's GIC to buy logistics properties in Europe for US$1 billion

SINGAPORE (Dec 13): GIC, Singapore’s sovereign wealth fund, said it had signed a deal to buy a logistics real estate portfolio from funds managed by private-equity firm Apollo Global Management’s affiliates for about 950 million euros ($1.4 billion).
Cromwell E-REIT acquires office building in Italy for $26.6 mil in total

Property

Cromwell E-REIT acquires office building in Italy for $26.6 mil in total

SINGAPORE (Nov 29): Cromwell European REIT (CEREIT) has completed the acquisition of a freehold office property in Italy for a total cost of 18.5 million euros ($27.8 million).

M&A

HP reiterates its rejection of Xerox's offer to buy the company

(Nov 25): HP Inc reiterated on Sunday its rejection of Xerox Corp’s US$33.5 billion ($45.7 billion) cash-and-stock offer for the company, adding that the proposal “significantly undervalues HP.”
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