acquisitions

SAN FRANCISCO (Jan 3): Ant Financial Services Group abandoned its plan to merge with MoneyGram International Inc. after the companies failed to win approval from the Committee on Foreign Investment in the US, a national-security panel that has become more

SINGAPORE (Jan 2): Chip Eng Seng’s subsidiary in Vietnam, Viet Investment Link Joint Stock (VietLink) is acquiring a 60% stake in a Vietnam development known as Soai Kinh Lam Apartment – Commerce Center, in District 5 of Ho Chi Minh City, for US$19.7

SINGAPORE (Dec 28): Soon Lian Holdings, the supplier of aluminium alloy products, is purchasing a single-storey detached factory at 6 Tuas Lane from Halliburton Far East for $7.8 million, which is subject to a goods and services tax (GST) of $546,000.

SINGAPORE (Dec 22): The manager of Ascendas REIT (A-REIT) is divesting 84 Genting Lane to corporate gifts firm Axxel Marketing for $16.68 million, which represents a 66.8% premium to the property’s original purchase price of $10 million.

SINGAPORE (Nov 24): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring six warehouses from logistics and supply management service provider Arshiya for a total consideration of INR 5.34 billion ($112.5 million).  

SINGAPORE (Oct 19): New Silkroutes Capital (NSC), the investment arm of New Silkroutes Group (NSG), is acquiring a 66% stake in European fund manager Culross Global Holdings.

SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.

SINGAPORE (Sept 27): ValueMax, the operator of pawnbroking and moneylending services, is purchasing all of Sengkang Pawnshop’s 2,470,000 shares for a consideration of $3.6 million.

SINGAPORE (Aug 18): Sovereign wealth fund GIC says it has joined a consortium of Asia-based investors to acquire a Hong Kong-based insurance company, MassMutual Asia, from Massachusetts Mutual Life Insurance Company for a total of consideration of about U

SINGAPORE (Aug 17): The manager of Ascott Residence Trust (ART), Ascott Residence Trust Management, says the REIT’s acquisition of DoubleTree by Hilton New York – Times Square South in New York, US, has been completed.