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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.
October 04, 2017
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
October 03, 2017
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$94 million ($
September 27, 2017
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.
September 26, 2017
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.
August 31, 2017
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
August 16, 2017
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.
July 07, 2017
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
March 27, 2017
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.
February 09, 2017
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.
November 17, 2016