acquisition

SINGAPORE (June 19): ABR Holdings says its intended acquisition of a 50% stake in PT Bintan Lagoon Resort for $65 million has been cancelled after “mutually and amicably” agreeing not to proceed with the property’s vendor, Resort Venture.

SINGAPORE (June 19): CapitaLand Retail, a wholly owned subsidiary of CapitaLand, has clinched two new management contracts in China that together, add 1.2 million sq ft in retail gross floor area (GFA) from Guangzhou and Chengdu.

SINGAPORE (June 18): Moneymax Financial Services is strengthening its position in the local pawn-broking industry through the acquisition of Ban Joo Pawnshop for $3.3 million in cash.

SINGAPORE (June 18): Fabchem China is planning to fully acquire explosives products trader, Shandong Laizhou Ping’an Commercial Explosives, for RMB40.5 million ($8.5 million) in cash via the group’s wholly-owned subsidiary, Shandong Yinguang Technolog

SINGAPORE (June 18): Construction group Tiong Seng Holdings says its subsidiary Robin Village Development has agreed to fully acquire Malaysia-incorporated firm Kinsbina – which in turn owns two vacant plots of land in Mukim Rimba Terjun, Daerah Pontian

SINGAPORE (June 18): Ascendas Hospitality Trust (A-HTRUST) is acquiring a portfolio of three hotels in Osaka, Japan, for 10.29 billion yen ($126.1 million) via Ascendas Hospitality REIT.

SINGAPORE (June 17): Property group Ho Bee Land's total investment in London properties has risen to $2.4 billion, thanks to its latest acquisition -- Ropemaker Place.

SINGAPORE (June 8): Sembcorp Marine is acquiring the intellectual property rights of Norway’s Sevan Marine for US$28 million ($37.4 million) in cash.

(Apr 30): Accor SA agreed to pay 560 million Swiss francs ($751 million) in cash to acquire Moevenpick Hotels and Resorts, a Swiss company that operates 84 hotels.

SINGAPORE (Apr 30): DBS Vickers Securities is maintaining its “buy” call on Mapletree Industrial Trust (MIT) with a target price of $2.22, which has yet to price in the REIT’s potential acquisition of a warehouse at 7 Tai Seng Drive for $68 million