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joint venture
This taxi company lost 11% of its value waiting for Uber
SINGAPORE (Dec 8): ComfortDelGro Corp. has lost $500 million in just four months -- on track to become Singapore’s second-worst performing stock in 2017 -- as investors lose patience over a planned venture with Uber Technologies Inc.
December 08, 2017
Property
CRCT raises $103.8 mil in oversubscribed placement for joint acquisition of Guangzhou mall
SINGAPORE (Nov 29): The manager of CapitaLand Retail China Trust (CRCT) says its private placement announced yesterday has been oversubscribed, and that it has exercised an upsize option to issue a total of 64.4 million new units at $1.612 per new unit to
November 29, 2017
Property
Chip Eng Seng jointly acquires properties in Western Australia for A$10.9 mil
SINGAPORE (Nov 22): Chip Eng Seng, the construction and property group, is jointly acquiring two adjoining properties in South Perth, Western Australia, for A$10.9 million ($11.1 million).
November 22, 2017
Broker's Calls
Melbourne acquisition does little to boost estimates for Roxy Pacific
SINGAPORE (Nov 22): OCBC Investment Research is maintaining its “hold” call on Roxy Pacific with an unchanged fair estimate of 52 cents following news of its acquisition of a freehold property in Melbourne, Australia, for A$74.14 million ($76.1 millio
November 22, 2017
Shopper360 one step closer to JV to provide marketing services in Myanmar
SINGAPORE (Nov 16): shopper360, the Malaysia-based shopper marketing services provider, has entered into a definitive joint venture agreement with Pahtama Group to incorporate a new joint venture company in Myanmar.
November 16, 2017
Broker's Calls
Could HRnetgroup be embarking on an acquisition spree?
SINGAPORE (Nov 10): RHB Research is maintaining its “buy” recommendation on HRnetgroup with a target price of $1.14 while remaining positive on the group’s latest developments and prospects ahead.
November 10, 2017
Aviation & Engineering
AirAsia to sell more stakes in non-flying businesses to fund dividends
(Oct 31): AirAsia Bhd on Tuesday said it plans to sell more stakes in non-flying businesses to fund special dividends to shareholders, after announcing a new ground handling joint venture (JV) with Singapore's SATS.
October 31, 2017
Property
Ocean Sky to jointly redevelop Balmoral sites with Progen & Seacare
SINGAPORE (Oct 16): Ocean Sky International has formed a new JV company with Progen Holdings and Seacare Property to develop the recently acquired cluster sites at Balmoral Road.
October 16, 2017
Property
Thakral acquires 2 more properties to build resort-styled retirement homes in Australia
SINGAPORE (Sept 28): Thakral Corporation has acquired two more properties outside Queensland, Australia to continue the development of resort-styled retirement housing for those over 50s.
September 28, 2017
Plato Capital, Oxley Capital join AirAsia and China Everbright unit in talks to establish low-cost airline in China
SINGAPORE (Sept 26): Plato Capital is joining AirAsia Bhd and Everbright Financial Investment Holdings and Oxley Capital to set up a joint venture to establish a budget airline in China called AirAsia (China).
September 26, 2017