joint venture (JV)

Jumbo in JV to bring HK-style 'cha chaan teng' to Singapore

SINGAPORE (Mar 9): Jumbo Group is partnering Kang Wang Holdings to start and operate the Tsui Wah brand of "cha chaan tengs" in Singapore.

M&A

CityDev and partner sign JV to acquire Sumang Walk land for $509 mil and build EC after winning bid

SINGAPORE (Mar 8): City Developments (CDL) says subsidiary CDL Constellation will now enter into a JV agreement TID Residential (TIDR).

Sembcorp exits JV with Takamul Investment; sells entire stake for $3.3 mil

SINGAPORE (Mar 5): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Utilities (Oman), will be exiting its joint venture (JV) with its partner Takamul Investment, a subsidiary of Oman Oil Company. 

M&A

ComfortDelGro-Uber joint venture enters Phase 2 of regulatory review

SINGAPORE (Feb 19): ComfortDelGro (CDG) says its partnership with Uber Technologies is entering the second stage of the Competition Commission of Singapore’s (CCS) deliberation with regards to the two companies’ proposed joint venture (JV).

M&A

MindChamps PreSchool sets up US$200 mil fund to establish and acquire preschools in China

SINGAPORE (Feb 19): MindChamps PreSchool last Thursday entered into a joint venture (JV) agreement with China First Capital Group (CFCG) to establish a fund that will be used to establish and acquire preschools in China and operate them under the “MindC

M&A

Japan Foods in JV with local restaurant operator to launch Menya Mushashi in Indonesia

SINGAPORE (Feb 14): Japan Foods Holding has entered into an agreement with Indonesia’s PT Arena Gourmet to subscribe a minority joint venture (JV) stake in Indonesia-incorporated PT Menya Musashi Indonesia (MMI).

M&A

ISOTeam to sell 34.1% stake in subsidiary to Japan's Taisei Oncho

SINGAPORE (Feb 13): ISOTeam is proposing to sell a 34.1% stake in its wholly-owned subsidiary ISO-Integrated M&A to Japan-listed Taisei Oncho (TOC) for $3 million, with the intention to subsequently establish a joint venture (JV) with TOC to strengthen it

Broker's Calls

Singapore Medial Group a 'buy' as it builds IVF arm

SINGAPORE (Feb 6): RHB is maintaining its “buy” call on Singapore Medical Group (SMG) with a target price of 79 cents.

Broker's Calls

Brokers upgrade SIA Engineering after 3Q upside surprise

SINGAPORE (Feb 5): OCBC Investment Research and DBS are upgrading their calls on SIA Engineering Company (SIAEC) to “buy” from “hold” previously with a higher fair value and target price of $3.70 and $3.86, respectively.

BreadTalk and Song Fa to open first bak kut teh restaurant in Shanghai Jing An Kerry Centre

SINGAPORE (Jan 26): BreadTalk and Song Fa is opening the first Song Fa restaurant in Shanghai's Jin An Kerry centre today.
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