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Mergers & Acquisitions (M&A)
M&A
Global Invacom acquires assets and intellectual property of Apexsat
SINGAPORE (June 18): Global Invacom is acquiring the technology of the Apexsat group of companies, including its assets and intellectual property.
June 18, 2019
Fintech
Grab is said to have discussed buying payments startup 2C2P
(June 17): Singapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services.
June 13, 2019
M&A
Hong Leong Asia to take cement maker Tasek private
KUALA LUMPUR (May 29): Singapore-listed Hong Leong Asia (HLA), which controls about 80.8% of cement maker Tasek Corp via two wholly-owned subsidiaries, wants to take Tasek Corp private in a deal worth an estimated RM128.61 million, based on the offer pric
May 29, 2019
M&A
AA REIT acquires Boardriders APAC HQ in Queensland for $37 mil
SINGAPORE (May 15): The manager of AIMS APAC REIT (AA REIT) announced it is acquiring Boardriders APAC HQ in Queensland, Australia, from GSM Rocket Australia for a consideration of A$38.5 million ($36.9 million).
May 15, 2019
M&A
First Sponsor to acquire disputed former Grand Hotel Puccini building in Milan for $14.4 mil
SINGAPORE (Jan 25): First Sponsor’s indirect wholly-owned subsidiary FS Milan Property is acquiring a former hotel building in Italy for 9.3 million euros ($14.4 million) from Fondo Kona, a real estate close-ended alternative investment fund controlled
January 25, 2019
Investing strategies
Singapore stocks with high yield, low expectations are what Credit Suisse prefers for the year
SINGAPORE (Jan 8): Credit Suisse is recommending Singapore investors stick with a portfolio of quality, high-yield stocks and stocks with low embedded expectations to ride out any volatility in 2019 while positioning for a market recovery.
January 08, 2019
M&A
Temasek acquires minority stake in lung-delivered drug system Aerogen
SINGAPORE (Nov 8): Temasek has acquired a minority stake in Ireland-based designer and manufacturer of aerosol drug delivery systems, Aerogen, through the purchase of a secondary share interest, according to media reports.
November 08, 2018
Broker's Calls
Health Management International's expansion into ambulatory care centre keeps it at 'buy'
SINGAPORE (May 16): Maybank Kim Eng is maintaining its “buy” call on Health Management International (HMI) with a target price of 80 cents.
May 16, 2018
Broker's Calls
RHB starts Kimly at 'buy' on exciting growth prospects
SINGAPORE (Apr 16): RHB is initiating its coverage on Kimly, the operator of local coffee shops and food courts, with a “buy” and a 43 cents target.
April 16, 2018
M&A
Charisma Energy acquires operators of mini-hydro power assets for $2.5 mil
SINGAPORE (Apr 2): Charisma Energy says that its subsidiary Green Power SA is acquiring Saems Capital II BV and Blue Maven Asia Energy for a consideration of $2.46 million from vendor History Maker.
April 02, 2018