Mergers & Acquisitions (M&A)

SINGAPORE (Oct 26): Shares in Sapphire Corp, the railway infrastructure engineering firm, closed 6% or 2 cents to 32 cents on Friday with 1.5 million shares changing hands . 

SINGAPORE (Oct 26): Mapletree Industrial Trust on Tuesday announced its 2Q17/18 earnings declaring a 6% increase in DPU to 3 cents compared to 2.83 cents last year.

SINGAPORE (Oct 24): Top Glove confirms it is in negotiations to acquire an unnamed glove manufacturer although the terms and conditions of the acquisition have not been finalised.

SINGAPORE (Oct 23): Roxy-Pacific Holdings announced that its wholly-owned subsidiary, RH Central, has entered into a conditional agreement to acquire Dunearn Court for a consideration of $36.3 million.

SINGAPORE (Oct 19): RHB is maintaining its “buy” call on Singapore Medical Group (SMG) with a target price of 79 cents, as the group announced new acquisitions and hires.

(Oct 12): Mainland Chinese company LVGEM (China) Real Estate Investment will purchase a building from Wheelock & Co. for HK$9 billion ($1.56 billion), setting a record price per square foot for a commercial building in Hong Kong’s Kwun Tong area.

SINGAPORE (Oct 5): Far East Group has entered into a sale and leaseback agreement with Moduslink for the property at 51 Ubi Avenue 3.

SINGAPORE (Oct 3): Falcon Energy announced that it has granted YDL Capital the options to purchase two office premises located at units #15-19 and #22-14 in International Plaza at 10 Anson Road for $7.4 million.

SINGAPORE (Oct 3): GuocoLand announced it has secured a commercial Beach Road site for the development of a new city centre work-live-play destination.

SINGAPORE (Oct 2): Roxy-Pacific is acquiring freehold residential sites located at 2 and 6 Guillemard Lane for a total consideration of $33.5 million.