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acquisition
M&A
Miyoshi acquires factory property at Tradehub 21 for $1.6 mil
SINGAPORE (Dec 7): Precision engineering firm Miyoshi is acquiring a property at 26 Boon Lay Way, #01-80 Tradehub 21, from Precision Tooling Company (PTC) for a consideration of $1.55 million.
December 07, 2017
Broker's Calls
Roxy-Pacific to benefit from domestic property market upturn: OCBC
SINGAPORE (Dec 7): OCBC Investment Research is upgrading its call on Roxy-Pacific to “buy” from “hold” while raising its fair value on the stock to 60 cents from 52 cents previously.
December 07, 2017
M&A
First Sponsor to acquire Frankfurt hotel with key shareholders CityDev & Tai Tak for $136 mil
SINGAPORE (Dec 7): First Sponsor has formed a joint venture with its two key shareholders, City Developments (CityDev) and Tai Tak Estates Sendirian Berhad, to acquire the Le Méridien Frankfurt Hotel in Germany for a total of €85.0 million ($135
December 07, 2017
Broker's Calls
CRCT kept at 'hold' despite slight DPU accretion from mall acquisition
SINGAPORE (Nov 30): OCBC Investment Research is maintaining its “hold” on CapitaLand Retail China Trust (CRCT) with a higher fair value of $1.63 compared to $1.61 previously, after accounting for the trust’s acquisition of Rock Square and its privat
November 30, 2017
Property
Wee Hur acquires Melbourne site for $36 mil to develop student dorm
SINGAPORE (Nov 28): Developer Wee Hur Holdings announced that its Australian-focused purpose-built student accommodation (PBSA) trust, Wee Hur PBSA Master Trust, has acquired a 1,038 sqm property in Melbourne, Australia, for A$35 million ($35.8 million).
November 28, 2017
Property
Natural Cool Holdings to sell warehouse & office property for $4.3 mil
SINGAPORE (Nov 23): Natural Cool Holdings is selling its property at 38 Lok Yang Way for a consideration of $4.3 million to Hwee Metal Works.
November 23, 2017
M&A
Neo Group to acquire fishball noodle & manufacturing businesses
SINGAPORE (Nov 22): Food caterer Neo Group is in exclusive talks to potentially acquire undisclosed stakes in Jil & Yellowtail and Li Xin (1968) @ ION from their owners, Ng Hui Hui Rebecca and Lim Swee Meng.
November 22, 2017
Broker's Calls
Melbourne acquisition does little to boost estimates for Roxy Pacific
SINGAPORE (Nov 22): OCBC Investment Research is maintaining its “hold” call on Roxy Pacific with an unchanged fair estimate of 52 cents following news of its acquisition of a freehold property in Melbourne, Australia, for A$74.14 million ($76.1 millio
November 22, 2017
Property
Roxy Pacific to acquire Melbourne commercial site for $76 mil through Australian JV
SINGAPORE (Nov 20): Roxy Pacific is proposing to acquire a freehold property based in Melbourne, Australia, for A$74.14 million ($76.1 million) via its new joint venture (JV) company, TE2 Roxy Australia.
November 20, 2017
Datapulse calls off $10.5 mil acquisition of Toa Payoh industrial property
SINGAPORE (Nov 14): Datapulse Technology has terminated its option to purchase an industrial property located in Toa Payoh for a consideration of $10.5 million, after failing to obtain an approval it required to proceed with the acquisition.
November 14, 2017