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sale and purchase agreement (SPA)
Property
Hong Leong Asia subsidiary disposes China asset for $28.3 mil
Shares in Hong Leong Asia closed 1.5 cents lower, or 3.2% down, at 45.5 cents on September 30.
September 30, 2020
Update
Adventus cancels $1.5 mil sale of Danang project to JV partner, continues to seek buyers
SINGAPORE (June 6): Adventus Holdings says it has terminated its agreement to sell its 45% joint venture (JV) to Tran Hoang Anh Tuan, a partner in the project who originally intended to pay US$1.1 million for the group’s owned interest in the JV’s spe
June 06, 2019
M&A
HC Surgical expands GP headcount by acquiring 25% stake in The Ming Clinic operator
SINGAPORE (May 31): HC Surgical Specialists, the Catalist-listed medical services provider, is acquiring a 25% stake in Medistar Services for $480,000 from three general practitioners (GPs), namely: Tan Hooi Wa, Roger Pang Heng Mun and Wong Yik Mun.
May 31, 2019
M&A
HC Surgical acquires loss-making clinic for $0.7 mil
SINGAPORE (Jan 2): HC Surgical Specialists is acquiring a majority 51% stake in HMC Medical for a consideration of $673,000.
January 02, 2018
Property
Heeton to sell The Woodgrove for $55.9 mil
SINGAPORE (Dec 6): Heeton Estate, a wholly-owned subsidiary of Heeton Holdings, has agreed to sell development at 30 Woodlands Avenue 1, The Woodgrove, for $55.85 million to an undisclosed purchaser registered in Singapore.
December 06, 2017
New Silkroutes’ acquisition of Capital Group falls through
SINGAPORE (Sept 4): New Silkroutes Group’s proposed 100% acquisition of American investment holding company Capital Group Investments has lapsed due to “certain restructuring” within Capital Group.
September 04, 2017
Property
Pollux Properties to undertake $145 mil new share issuance to acquire PAI Group
SINGAPORE (Aug 8): Pollux Properties has agreed to purchase British Virgin Islands (BVI) incorporated property investment company, Pollux Alpha Investments (PAI) Group, from its parent company Pollux Holdings for a total consideration sum of $201 million.
August 08, 2017