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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
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