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Mergers & Acquisitions (M&As)

M&A

Mercurius to proceed with completion of acquisition of Malaysian groceries business

The completion of the acquisition will take place by no later than Oct 31, says Mercurius.

M&A

Keppel Corp shareholders vote overwhelmingly in favour of SPH acquisition

The shareholders of Keppel Corporation have spoken.

M&A

Wong Fong Industries acquires Hotel and Tourism Management Institute for $150,000

Wong Fong Industries, the provider of land transport engineering solutions and systems, announced Tuesday, that it has acquired HTMi Hotel and Tourism Management Institute (HTMi).

Update

CityDev's privatisation bid for M&C bodes well for both, with or without deal: Phillip Capital

SINGAPORE (Dec 12): Phillip Capital is maintaining its “accumulate” rating on City Developments (CityDev) with a target price of $12.10, after the group announced its final takeover offer for the remaining shares of Millennium & Copthorne (M&C) it doe

M&A

Uni-Asia establishes new subsidiary and acquires a bulk carrier vessel

SINGAPORE (Nov 1): Uni-Asia Group has established a new subsidiary – Fulgida Bulkship – to acquire a 29,256 dwt second hand bulk carrier vessel for US$13.5 million ($18.4 million).

M&A

Spackman Entertainment acquires another Korean film production company for $3.9 mil

SINGAPORE (Oct 11): Spackman Entertainment also announced that it has entered into a sale and purchase agreement to acquire Studio Take, a Korean film production company, through the purchase of Take Pictures for a consideration of about $3.93 million.

M&A

ST Engineering acquires repair assets in US for $34 mil

SINGAPORE (Aug 25): ST Engineering announced its subsidiary, Vision Technology Marines, has acquired selected rig repair assets adjacent to its existing yard, VT Halter Marine in Pascagoula, Mississippi.

China Focus

Anbang shows billionaires should be nervous in Xi’s new China

SINGAPORE/HONG KONG (June 15): China’s billionaires are learning yet again that wealth and power are no longer enough to keep them out of trouble.

Singapore recorded more deals in 2016 but total value falls 15% to $126 bil

SINGAPORE (Dec 13): Singapore closed 800 deals this year, 115 more compared to the 685 deals closed a year ago.
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