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.

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.

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

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).

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

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.

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.

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.

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.

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.
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