Welcome!
joint venture
Property
Frasers Property to jointly invest $236 mil with GIC, JustCo to develop co-working platform across Asia
SINGAPORE (May 16): Frasers Property and Singapore’s sovereign wealth fund GIC are partnering with co-working space provider JustCo to jointly invest US$177 million ($236 million) to develop a co-working space platform across Asia.
May 16, 2018
Property
Upcoming Raffles Place skyscraper is named CapitaSpring; JP Morgan secured as first anchor tenant
SINGAPORE (Apr 12): CapitaSpring will be the name of the tallest and greenest buildings in Raffles Place.
April 12, 2018
Broker's Calls
Y Ventures' past year initiatives are starting to bear fruit
SINGAPORE (Apr 9): UOB Kay Hian is reiterating its “buy” recommendation on Y Ventures with a target price of 80 cents.
April 09, 2018
Property
Perennial enters joint venture to develop former Goodluck Garden site
SINGAPORE (Apr 4): Perennial Real Estate Holdings has entered into a joint venture to develop the former Goodluck Garden freehold residential site along Toh Tuck Road in Singapore.
April 04, 2018
BreadTalk enters partnership to grow Toast Box brand in Indonesia
SINGAPORE (Mar 23): BreadTalk Group’s wholly-owned subsidiary BreadTalk International has entered into a joint venture agreement with PT Pura Indah Berkat (PIB) to develop and operate the Toast Box brand in Indonesia.
March 23, 2018
M&A
SIA to subscribe for majority shareholding in SATS-DFASS joint venture company
SINGAPORE (Mar 8): Airport gateway and food solutions provider SATS says Singapore Airlines (SIA) has agreed to subscribe for a 70% stake in inflight sales concessionaire DFASS SATS.
March 08, 2018
Broker's Calls
ISOTeam to make up for latest earnings shortfall with a stronger 2H: RHB
SINGAPORE (Feb 15): RHB is maintaining its “buy” call on ISOTeam with an unchanged target price of 46 cents following the announcement of its proposed divestment of a 34.1% stake in its M&E arm for $3 million.
February 15, 2018
Aviation & Engineering
SIA Engineering and Stratasys to form additive manufacturing JV
SINGAPORE (Feb 8): SIA Engineering Company (SIAEC) announced that it is entering into a joint venture (JV) with Stratasys to establish an additive manufacturing service centre, which will provide 3D printed parts for use in commercial aviation.
February 08, 2018
JB-SG Rapid Transit System to carry 10,000 passengers per hr per direction; need to clear customs only once
SINGAPORE (Jan 16): Johor Bahru-Singapore (JB-SG) Rapid Transit System Link (RTS Link) will have the capacity to carry up to 10,000 passengers per hour per direction.
January 16, 2018
M&A
GKE Corp in new JV to expand specialised chemical services
SINGAPORE (Dec 21): Logistics providers GKE Corporation and Kleio One-Solution have set up a joint venture called G-Chem Logistics for a total consideration of $0.46 million.
December 21, 2017