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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
April 15, 2019
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).
April 11, 2019
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
April 03, 2019
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.
April 01, 2019
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.
March 28, 2019
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.
March 26, 2019
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).
March 26, 2019
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
March 20, 2019