expansion

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GLP signs lease agreement for Walmart expansion in China

SINGAPORE (Oct 11): Global Logistic Properties (GLP) today announced a new 32,000 sq m build-to-suit agreement with Walmart to expand the American retail corporation’s existing location in Southern China.
Hangzhou G20

China Focus

China hands over G20 stewardship with economy stable, for now

NEW YORK (Oct 10): China has turned from a shaky steward to a stalwart of the Group of 20.

Advancer Global acquires 76% stake in Newman & Goh for $3 mil

SINGAPORE (Sept 9): Catalist-listed Advancer Global today announced its wholly-owned subsidiary, Advancer Global Facility, has acquired 76% of the shares of Newman & Goh Property Consultants and its associate company, Newman & Associate, for an aggregate

Broker's Calls

UG Healthcare's ASP and gross margin have bottomed out. What's next?

SINGAPORE (Aug 29): Maybank Kim Eng is downgrading UG Healthcare to a “hold” with a lower target price of 37 cents from 52 cents previously, on lower second-half core growth and earnings expectations.

Soup Restaurant Group opening five new outlets by Oct

SINGAPORE (Aug 17): Soup Restaurant Group is opening five new outlets by October.

Keppel DC REIT acquires data centre in Italy for $57.3 mil

SINGAPORE (Aug 12): Keppel DC REIT is acquiring a data centre’s shell and core building in Milan, Italy, for a purchase consideration of EUR37.3 million ($57.3 million).

GKE to acquire TNS Ocean Lines for $9 mil

SINGAPORE (July 29): GKE Corporation has entered into a memorandum of understanding (MoU) to acquire a 100% stake in TNS Ocean Lines from its vendors for a purchase consideration $9 million.

Keppel T&T wins over $144 mil in data centre contracts

SINGAPORE (July 20): Keppel Data Centres, a subsidiary of Keppel Telecommunications and Transportation (Keppel T&T) has secured more than $144 million in contracts at two of its data centres, Keppel DC Singapore 3 and Keppel DC Singapore 4. 
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