joint venture (JV)

United Global in JV with Japan's M-TechX to produce oil-absorbent nano-fibre materials

SINGAPORE (Oct 4): United Global Limited, the lubricant manufacturer and trader, announced that wholly-owned subsidiary United Oil Company and M-TechX United have entered into a joint venture (JV) & shareholders’ agreement with Japan’s M-TechX Group.

Aviation & Engineering

SIA Engineering establishes 49%-owned JV company with Moog

SINGAPORE (Oct 3): SIA Engineering Company (SIAEC) has established a 49%-owned joint venture (JV) company, Moog Aircraft Services Asia, with Moog Inc. to provide maintenance, repair and overhaul services for Moog-manufactured flight control systems fitted

Property

GIC partners India developer to acquire land for US$94 mil

SINGAPORE (Sept 27): Affiliates of GIC have entered into a 50-50 joint venture (JV) shareholding with Indian real estate developer K Raheja Corp Group (KRC), to acquire a 3-acre land parcel in Mumbai, India, from Siemens for approximately US$94 million ($

Keong Hong announces opening of Mercure Maldives Kooddoo Hotel

SINGAPORE (Sept 26): Keong Hong Holdings yesterday saw the launch of Mercure Maldives Kooddoo Hotel, the first overseas hotel development to join the group’s two hotels in Singapore along with its overseas property investments.

M&A

Wilmar buys 50% stake in local chocolate manufacturer Aalst

SINGAPORE (Aug 31): Wilmar International, the agribusiness group, announced that its wholly-owned subsidiary, KOG Investments has acquired a 50% equity interest in Aalst Chocolate, a local chocolate manufacturer.

XMH Holdings announces incorporation of 50%-owned joint venture company in Myanmar

SINGAPORE (Aug 16): Power solutions company XMH Holdings says its wholly-owned subsidiary, XMH Engineering, is establishing a 50%-owned joint venture (JV) company in Myanmar with Myanmar MarcoPolo (MMP) and Bulox Power (BP), which will each hold a 25% int
From Reuters

Allianz partners Columbia to form a US$1.26 billion US real estate venture

(July 7): Allianz SE, Europe’s biggest insurer, is partnering with Columbia Property Trust Inc. to create a US$1.26 billion ($1.73 billion) joint venture for US real estate.

Top Glove to establish JV company with Japan’s Fimatec

SINGAPORE (March 27): Top Glove Corporation’s wholly-owned subsidiary, Top Glove Sdn Bhd (TGSB), last Friday entered into an agreement with Japan’s Fimatec to establish a joint venture (JV) with the purpose of engaging in the business of manufacturing

Soo Kee in $1.2 mil JV to bring ‘Love & Co’ to Thailand

SINGAPORE (Feb 9): Jeweller Soo Kee Group has signed an MOU with Aurora Design to establish a new joint venture company in Thailand to distribute gold and jewellery products.
Din Tai Fung

Broker's Calls

Din Tai Fung JV a ‘favourable addition’ to BreadTalk

SINGAPORE (Nov 17): RHB is maintaining its “buy” rating on BreadTalk Group with a target price of $1.45, while expressing confidence in the group’s ability to venture into the UK market with the Din Tai Fung chain of restaurants.
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