Welcome!
proposed disposal
Company in the news
Q&M disposes stake in Shanghai Chuangyi Investment & Management for RMB500,000
As at FY2022 ended Dec 31, 2022, Shanghai Chuangyi’s net asset value (NAV) stood at RMB1.4 million.
June 21, 2023
M&A
LHN Group expects to make $21 mil upon the disposal of LHN Logistics
LHN Group says the proposed transaction is considered to be beneficial to it and its shareholders for a few reasons.
June 12, 2023
Telecommunications
Telechoice disposes wholly-owned subsidiary for $30,000
The sale and purchase of the shares in Nexwave are made on the basis that NexWave only has its voice business.
June 01, 2023
REITs
Mapletree Logistics Trust proposes to divest 3 Changi South Lane for $22 mil
The proposed sale price represents a 39.2% premium to the property’s latest valuation of $15.8 million as at Oct 1.
December 27, 2022
Company in the news
Mencast Holdings proposes to dispose minority interest in Vac-Tech Engineering for max consideration of $8.8 mil
If the proposed disposal had been affected on Jan 1, 2021, Mencast’s EPS would have been at 1.95 cents instead of 1.46 cents.
December 18, 2022
Deals, joint ventures & alliances
Union Steel Holdings signs non-binding term sheet to dispose of subsidiary for $3 mil
According to Union Steel, the move will allow the group to focus on its oil and gas engineering business.
September 26, 2022
SGX query
Mencast Holdings' 50% share price spike triggers SGX query
Shares in Mencast were the second-most heavily traded on the SGX on June 10.
June 11, 2022
Company in the news
Shares in Viking Offshore & Marine plunge 10.2% after rights cum warrants issue announcement and proposed name change
As at 9.39am, shares in Viking & Offshore Marine are trading 1 cent lower or 10.204% down at 8.8 cents.
March 28, 2022
Company in the news
Cosco Shipping International proposes disposal of 60% stake in Singapore subsidiary for US$42.4 million
Cosco Shipping International holds all the issued shares in Cosco Singapore which is in the business of dry bulk shipping.
September 30, 2021
Property
The Place Holdings to dispose 1.5% stake in The Place Yuntai Investment for $4.3 mil
The proposed disposal is also in line with The Place Holdings’ efforts to maintain a strong balance sheet.
June 29, 2021