acquisition

SINGAPORE (Feb 12): OUE Lippo Healthcare further sunk into the red in FY17 with a loss of $90.7 million, 18% down from its loss of $76.8 million the previous year on lower revenue and higher costs of sales.

SINGAPORE (Jan 23): The manager of Frasers Commercial Trust (FCOT) has declared a distribution per unit (DPU) of 2.4 cents for 1Q18, a 4.4% decline from 2.51 cents in the preceding year on lower revenue.

SINGAPORE (Jan 17): Lion Global Investors, a subsidiary of Oversea-Chinese Banking Corporation (OCBC), has raised its interest in China’s Maxwealth Fund Management Company (FMC) to 28.51% from 10% previously by acquiring 37 million shares for RMB61.45 m

SINGAPORE (Jan 12): Last September, Croesus Retail Trust (CRT) was taken private by Blackstone Group at a higher price than it ever garnered in the public market.

SINGAPORE (Jan 5): CDW Holding, the producer and supplier of precision components, is acquiring a 95% stake in GSP Enterprise, a limited liability company established in Japan, for a cash consideration of 14.25 million yen ($168,2000).

SINGAPORE (Jan 3): Cordlife Group is fully acquiring a private cord blood bank in Hong Kong, HealthBaby Hong Kong, for US$7 million in cash ($9.3 million) after adjusting for US$2.5 million in the company’s cash and bank loans that will remain in place.

SINGAPORE (Dec 21): Catalist-listed Annica Holdings says its $4.2 million acquisition of a 49% stake in Horizon Greentech Resources, which was due for completion this Saturday, has been delayed for a further three months.

SINGAPORE (Dec 20): CIMB Research has downgraded its call on Thai Beverage (ThaiBev) while lowering its target price on the stock by 15 cents to $1, after imputing a potential impact to the group’s balance sheet from a recent acquisition which the resea

SINGAPORE (Dec 18): OCBC Investment Research is upgrading its call on Frasers Commercial Trust (FCOT) to “buy” from “hold” with a higher fair value estimate of $1.51.