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Letter of Intent (LOI)
Update
Second potential offeror rescinds expression of interest to acquire Procurri less than 24 hours later
SINGAPORE (Feb 8): Procurri Corporation says the second potential offeror to express interest in acquiring the company after New State Capital Partners LLC has now decided to terminate further discussions on the matter.
February 08, 2019
Broker's Calls
Oxley to get much-needed hongbao if hotel sale deal is on
SINGAPORE (Jan 14): Property group Oxley could potentially reduce net debt-to-equity to 1.8 times from 2.5 times as at Sept 2018 if sale of its Mercure and Novotel hotels on Stevens Road is completed.
January 14, 2019
M&A
Oxley accepts LOI from buyer of Mercure and Novotel hotels on Stevens Road
SINGAPORE (Jan 10): Oxley announced that its wholly-owned subsidiary, Oxley Gem, has accepted a letter of intent (LOI) today for the purchase of Mercure and Novotel hotels located at 28 and 30 Stevens Road for a total consideration of $950 million.
January 10, 2019
Property
OUE Lippo Healthcare and China Merchants Group to develop, operate Shenzhen hospital
SINGAPORE (Dec 12): OUE Lippo Healthcare has entered into a non-binding letter of intent (LOI) with China Merchants Shekou Industrial Zone Holdings, to jointly develop, operate and manage a high-end international hospital in Shenzhen, China.
December 12, 2018
M&A
Datapulse announces diversification plans with intended acquisition of hotel in Seoul
SINGAPORE (Oct 4): Datapulse Technology is seeking to acquire a hotel located near the Myeongdong district in Seoul, Korea, as part of its plans to expand the company’s core business from optical disc manufacturing to include hotel and hospitality inves
October 04, 2018
Vard signs LOI to build two environmentally-friendly Viking cruise vessels for $750 mil
SINGAPORE (Apr 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract val
April 04, 2018
M&A
Gaylin signs LOI to acquire marine services firm Amos International in all-shares deal
SINGAPORE (Mar 26): Gaylin Holdings has entered into a non-binding letter of intent (LOI) with Lighthouse Logistics and Danny Lien to acquire 100% stake in Amos International Holdings.
March 26, 2018
SembMarine signs LoI to construct & integrate Shell Offshore’s Vito FPU
SINGAPORE (Dec 5): Sembcorp Marine’s wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters, has signed a letter of intent (LoI) with Shell Offshore for the construction of the hull and topside of, as well as the integration of, a single topside modul
December 05, 2017
SembMarine partners US gas company SeaOne in fuel supply project
SINGAPORE (Sept 18): Sembcorp Marine subsidiary Sembcorp Marine Specialised Shipbuilding on Monday signed a letter of intent (LoI) with SeaOne Caribbean, a unit of Houston-based gas company SeaOne Holdings, for the design and construction of at least two
September 18, 2017
Vard signs Letter of Intent to build expedition cruise vessel
SINGAPORE (Jan 17): Vard Holdings, the designer and shipbuilder of specialised vessels, has signed a Letter of Intent (LOI) for the design and construction of an expedition cruise vessel for an undisclosed international cruise company.
January 17, 2017