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joint venture (JV)
Deals, joint ventures & alliances
CapitaLand Investment partners Dutch investment manager APG to build dominant self-storage platform in Asia
Both parties will be committing an initial equity investment of $570 million to acquire Extra Space Asia and its expansion needs.
October 27, 2022
Corporate moves
K2 Data Centres and Sinarmas Land Limited enter into JV to develop hyperscale data centres in Indonesia
The JV between K2 and SML is a “mutual recognition” of the increasing long-term demand for data centre capacity in Jakarta.
October 17, 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
Deals, joint ventures & alliances
GS Holdings enters into JV with Focaccia Foods to develop new F&B brands and concept
GS Holdings, Focaccia Foods enter into JV to develop new F&B brands and concept
November 01, 2021
Deals, joint ventures & alliances
Chuan Hup in JV with Siera Group to develop land site in Queensland
Chuap Hup enters into with Siera Group to develop a land site in Surfers Parafise, Queensland.
July 12, 2021
Deals, joint ventures & alliances
ST Engineering and Temasek enter into 50-50 JV for freighter aircraft leasing
The JV targets to build a portfolio valued at around US$600 million ($800 million) within five years.
May 11, 2021
Deals, joint ventures & alliances
Keppel Corporation enters into JV with Sino Ocean Group to develop the eastern area of Tianjin, China
Shares in Keppel Corp closed 8 cents lower or 1.5% down at $5.42 on April 30.
May 01, 2021
Deals, joint ventures & alliances
Chip Eng Seng enters into JV with Inception Materials to augment its construction business segment
Shares in Chip Eng Seng closed 1 cent lower or 2% down at 48.5 cents on April 21.
April 21, 2021
Deals, joint ventures & alliances
MindChamps enters into JV to open preschool in Malaysia's Sunsuria City
Both companies will incorporate a JV company, where MindChamps will hold 70% and Sunsuria will hold the remaining 30%.
March 11, 2021
Credit downgrade
CDL's Sincere Property RMB Bonds downgraded to AA-
The credit rating downgrade has no impact on CDL’s borrowings; the group is not committed to the obligations of these bonds.
February 19, 2021