mergers and acquisitions (M&A)

In print this week

ThaiBev gears up to fund growth, debt level seen as manageable

SINGAPORE (Apr 15): Thai Beverage has spent the past few years on an $8 billion acquisition spree, as it expanded beyond its home market and into other Southeast Asian markets. It bought a 53.59% stake in Saigon Beer Alcohol Beverage Corp (Sabeco), Viet

M&A

Spindex acquires 50 year leasehold land in China for $4.2 mil

SINGAPORE (Apr 11): Spindex Industries announced that its wholly-owned subsidiary, Spindex Precision Technologies (Nantong) Co has acquired a 50 year leasehold land in Nantong Jiangsu, China for about CNY 20.7 million ($4.2 million).

M&A

Singapore M&A continues growth despite dwindling 1Q regional activity: Mergermarket

SINGAPORE (April 3): Merger and acquisition (M&A) activity in Asia-Pacific excluding Japan nosedived over 1Q19 with just 666 deals amounting to US$119.9 billion ($162.3 billion), amid economic headwinds and a still-unresolved trade war between the US and

M&A

Teckwah acquires Profoto Digital Services for $13 mil

SINGAPORE (Apr 1): Teckwah Industrial Corporation announced that it is acquiring Profoto Digital Services (PDS) from two individuals – Johnny Pranata and Lock Hui Soon – for a consideration of $13.0 million.

China Focus

China slowdown to cause APAC cross-border issuance to fall in 2019: Fitch

SINGAPORE (Mar 28): The overall Asia Pacific (APAC) cross-border issuance is expected to see a moderate drop in 2019, according to a special report by Fitch Rating.

Broker's Calls

CSE Global rated 'buy' by UOB on strengthening grip over Aussie market

SINGAPORE (Mar 26): UOB Kay Hian continues to rate CSE Global a “buy” with a target price of 62 cents.
Keppel to acquire Yi Fang Tower in Shanghai for RMB 4.6 bil

Property

Keppel to acquire Yi Fang Tower in Shanghai for RMB 4.6 bil

SINGAPORE (Mar 26): Keppel Corporation is jointly acquiring Yi Fang Tower in Shanghai for a consideration of RMB 4.6 billion ($926 million).

M&A

Cache Logistics Trust acquires logistics warehouse and office facility in Australia for $42.6 mil

SINGAPORE (Mar 20): ARA Trust Management, the manager of Cache Logistics Trust, announced that it has acquired a warehouse and office facility located in Melbourne, Australia for a total consideration of A$44.3 million ($42.6 million), with an initial pro
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