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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.
February 26, 2019
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.
February 18, 2019
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
January 31, 2019
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.
January 28, 2019
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
January 15, 2019
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
November 20, 2018
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
October 04, 2018
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 –
September 24, 2018
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).
August 23, 2018
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.
August 14, 2018