merger and acquisition (M&A)

The consideration will be paid via the issuance of 172.4 million new shares in VCPlus.

Shares in Yinda Infocomm last traded at 29.5 cents on July 4, following a trading halt on the morning of July 5.

Analysts from DBS and UOB Kay Hian have kept "buy" on Keppel Corp while OCBC has upgraded Keppel Corp to "buy" from "hold".

The MOU is confirmation of a widely-expected restructuring exercise investors and analysts have been suggesting for years.

If successfully completed, the merger is expected to be a listed entity and accretive to Keppel Corporation’s earnings.

This is the first major acquisition for Olam Food Ingredients after Olam’s reorganisation.

Investment activities in Singapore amounted to US$443.1 million ($600.8 million) in the first nine months of the year, down 39.9%

As at 2.14pm, shares in AEM were trading 8 cents higher, or 2.0% up at $4.16.

The managers of ESR-REIT and Sabana Shariah Compliant Industrial REIT — both controlled by ESR Cayman — have announced the proposed merger of the two REITs via a trust scheme of arrangement.

Following the completion of the merger, the enlarged REIT will have total assets amounting to around $4.1 billion, which places it among the top five developer-backed industrial S-REITs by asset size.