Mergers & Acquisitions (M&A)

SINGAPORE (Sept 25): Ascendas Funds Management, the manager of Ascendas REIT, has completed its acquisition of a CBD fringe office property located at No. 100 Wickham Street in Queensland, Australia for A$83.8 million ($89.8 million) from 100W.

SINGAPORE (Sept 6): CITIC Envirotech is acquiring a 60% stake in CITIC Qingyuan Development Co. in Guangdong province, China, for RMB378 million ($78.2 million).

SINGAPORE (Sept 9): UOB KayHian is maintaining its “buy” rating on Cityneon Holdings with an increased target price of $1.50 following the group’s acquisition of the Jurassic Park intellectual property.