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M&A
Wilmar to dispose 30.05% stake in sugar production business for $813.2 mil
The group has also acquired more shares in Morocco-incorporated Wilmaco and Saudi company Durrah Advanced Development.
July 30, 2023
Corporate moves
ST Engineering exits US marine business
ST Engineering has disposed of its entire US marine business to Bollinger for $21 mil.
November 07, 2022
Deals, joint ventures & alliances
Li & Fung forms strategic partnership with Maersk; disposes Temasek jointly-owned logistics business
Li & Fung forms strategic partnership with Maersk; disposes Temasek jointly-owned logistics business
December 22, 2021
F&B sector
Tung Lok disposes of 40% stake in associate company for 21 cents
The 40% stake in Beijing Xihe Tung Lok Restaurant Company comprises an issued and paid-up capital of RMB400,000 ($84,317).
November 02, 2021
M&A
Japfa disposes of 7.5% equity stake in subsidiary AustAsia for $117.9 mil
The move is part of Japfa’s plans to grow into the largest independent raw milk producer in China.
August 31, 2021
Offshore & Marine
Ezion sells vessels and subsidiary Teras Sunrise for US$83.7 mil
According to Ezion, the disposals are in line with its restructuring plan previously announced on June 20.
July 14, 2021
Corporate moves
Samudera Shipping Line disposes of container vessel for $16.8 mil
The book value of the vessel stands at US$11.44 million.
July 06, 2021
F&B sector
QAF to dispose of its primary production business for indicative purchase price of $110.3 mil
Following the disposal, QAF intends to pay a special dividend of 2 cents per share, amounting to some $11.5 million in total.
June 08, 2021
M&A
PEC disposes 25% stake in Huizhou Tianxin Petrochemical Engineering for consideration of RMB7.5 mil
PEC intends to use the proceeds of the disposal for general working capital requirements.
May 07, 2021
M&A
ecoWise fully disposes stake in Saiko Rubber (Malaysia) for $5.8 mil
The disposal has netted ecoWise a gain of $1.6 million.
April 28, 2021