Welcome!
joint venture company (JVC)
Property
Chip Eng Seng enters into agreements with its JV partners to redevelop Peace Centre and Peace Mansion
The partners, through their JVCos, have also entered into a facility agreement with several banks for a loan of $835.7 million.
February 17, 2023
Deals, joint ventures & alliances
Metech terminates JV for lab-grown diamonds citing incurable breach of JVA
Under the JVA, Metech will be entitled to acquire all of the shares in the JVCo at 80% of its NTA per share.
January 18, 2023
Deals, joint ventures & alliances
Chuan Hup Holdings enters into JV with Siera Property Group to develop residential site in Queensland
The JVCo will acquire a 1,214 sqm (13,067.39 sq ft) at 303 Golden Four Drive in Queensland for a purchase price of A$16 million.
December 23, 2022
Broker's Calls
Wing Tai 'taking flight' with FY2022 results, dividends a 'positive surprise': DBS
The DBS analysts have maintained their “buy” call and TP of $2.05.
August 30, 2022
Deals, joint ventures & alliances
Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation
The JVCo is said to explore a potential share subscription of $84.27 million for a 50% stake in BetterBe Marketplace.
August 16, 2022
M&A
IHH proposes to fully acquire Ramsay Sime Darby Health Care Sdn Bhd
Under the indicative proposal, the conditional indicative enterprise value for Ramsay Sime Darby is at 5.67 bil ringgit
March 22, 2022
Deals, joint ventures & alliances
Far East Orchard enters into JV in relation to hospitality management business in China
The board is of the view that this is a good time to enter the Chinese market and grow the group’s global presence, says the group
March 04, 2022
Deals, joint ventures & alliances
Chip Eng Seng to provide management services to hotels and serviced residences via JV as an IPT
Shares in Chip Eng Seng closed 0.5 cent higher or 1.18% up at 43 cents on Jan 31.
January 31, 2022
Company in the news
Olam acquires 10% stake in Saudi flour mill company for $18 mil
This acquisition is part of Olam's entry strategy into the Kingdom of Saudi Arabia.
December 01, 2021
Deals, joint ventures & alliances
ComfortDelGro enters into construction logistics business in China via JV
The JV marks the group’s first foray into construction logistics in the country.
November 29, 2021