Mergers & Acquisitions (M&A)

SINGAPORE (Dec 20): DBS is maintaining its “buy” call on CapitaLand with a target price of $4.35 following the group’s latest acquisition of a commercial site in Shanghai.

SINGAPORE (Dec 18): Keppel Land, the property arm of Keppel Corporation, is acquiring 100% interest in two prime residential sites in Ho Chi Minh City, Vietnam.

SINGAPORE (Dec 14): ESR Funds Manager, the manager of ESR-REIT, is acquiring an 80% stake in 7000 AMK which owns a leasehold interest in 7000 Ang Mo Kio Ave 5 for $243.5 million.

SINGAPORE (Dec 13): Jubilee Industries, the provider of electronics components and plastic injection moulds, is acquiring Honfoong Plastics industries for $3.5 million, to broaden the group's revenue stream.

(Dec 10): Brewing groups including ThaiBeverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam's largest brewer, Sabeco, people familiar with the matter said, with the US$5 billion ($6.76 billion) sale process by

SINGAPORE (Nov 27): Vietnam’s biggest brewer Sabeco SAB.HM has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the US$9 billion (

SINGAPORE (Nov 15): Envictus International says wholly-owned subsidiary, Polygold Holdings, is acquiring food processing and trading company in Malaysia, Motivage for RM24 million ($7.8 million).

SINGAPORE (Nov 3): Hiap Hoe is acquiring 21 shops and 38 offices at Orchard Towers.

SINGAPORE (Oct 31): The manager of Ascendas Real Estate Investment Trust (AREIT) posted an increase of 2.7% in its 1H DPU to 8.108 cents from 7.898 cents last year.

SINGAPORE (Oct 27): Colex Holdings, the waste management company, has agreed to acquire an 80% stake in Vemac Services for $2.2 million.