Welcome!
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.
February 12, 2020
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
February 11, 2020
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.
February 06, 2020
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).
January 23, 2020
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.
December 18, 2019
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.
December 16, 2019
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).
December 13, 2019
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).
November 29, 2019
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.”
November 25, 2019