expansion

Startups, Entrepreneurs, Digital economy

Co-living startup Hmlet forays into Australian market with Sydney expansion

SINGAPORE (Feb 26): Hmlet, a co-living rental startup based in Singapore, has announced its expansion to Australia with the March 2019 launch of two co-living properties in the inner city suburbs of Newtown and Marrickville in Sydney.

Deals, joint ventures & alliances

Jumbo Seafood expands to South Korea with 50:50 JV; first restaurant to open by 3Q19

SINGAPORE (Feb 18): Jumbo Group is bringing its Jumbo Seafood line of seafood restaurants to South Korea via a 50:50 joint venture (JV) between its indirect wholly-owned subsidiary, Jumbo F&B Services, with TCI Inc.

Tech

Singapore Medical Group subsidiary launches telehealth platform HiDoc

SINGAPORE (Jan 31): Singapore Medical Group (SMG) subsidiary HiDoc today launched its new telehealth platform, which is meant to provide first-of-its-kind telehealth and video conferencing services while giving accredited specialists access to patient hea

Banyan Tree rakes in 241 awards in 2018, to continue expansion with focus on sustainability

SINGAPORE (Jan 28): Resort developer Banyan Tree Holdings says it has earned a total of 241 awards across 30 destinations globally in 2018.

Startups, Entrepreneurs, Digital economy

Regulatory issues a key hurdle for Singapore firms eyeing international expansion, finds survey

SINGAPORE (Jan 15): Despite being “global natives” – companies which expand into international markets rapidly, often within the first year of their existence – Singapore’s online businesses appear the most pessimistic about their prospects over

China's Belt & Road Initiative

UOB aims to boost bilateral cooperation between Singapore and China with new partnership

SINGAPORE (Nov 20): United Overseas Bank (UOB) is partnering Suzhou Industrial Park Administrative Committee (SIPAC), which governs and administers China’s Suzhou Industrial Park (SIP), to facilitate the expansion of companies through cross-border trade

M&A

Datapulse announces diversification plans with intended acquisition of hotel in Seoul

SINGAPORE (Oct 4): Datapulse Technology is seeking to acquire a hotel located near the Myeongdong district in Seoul, Korea, as part of its plans to expand the company’s core business from optical disc manufacturing to include hotel and hospitality inves

M&A

Tuan Sing acquires initial stake in Hainan mega project for $15 mil

SINGAPORE (Sept 24): Tuan Sing Holdings has acquired an initial 7.8% stake in China’s Sanya Summer Real Estate (SSRE) – whose incumbent shareholder is Hainan Summer Property Development, a developer and then operator of two retail malls in Hainan –

M&A

Clearbridge enters MoU for expansion of lab testing services to Indonesia

SINGAPORE (Aug 23): Clearbridge Health’s wholly-owned subsidiary, SAM Laboratory, is acquiring a controlling stake in PT Indo Genesis Medika, a company incorporated in Indonesia, for an aggregate consideration of about IDR 40.7 billion ($3.8 million).

Broker's Calls

Jumbo to continue facing near-term cost pressures with ongoing expansion: DBS

SINGAPORE (Aug 14): DBS Group Research is maintaining “hold” on Jumbo Group with a lower target price of 57 cents based on 23 times FY19F earnings.
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