acquisition

M&A

Q&M Dental to acquire Veritas Dental for $800,000

The proposed acquisition is in line with Q&M Dental’s plan to continue the expansion of its main dental business in Singapore.

REITs

Parkway Life REIT acquires nursing home in Osaka for $20.7 mil

The acquisition is expected to be completed by the third quarter in 2024.
Singlife becomes fully owned subsidiary of Sumitomo Life following regulatory approval - THE EDGE SINGAPORE

Company in the news

Singlife becomes fully owned subsidiary of Sumitomo Life following regulatory approval

Singapore Life Holdings has become a fully-owned unit of Sumitomo Life Insurance Company following regulatory approval.

Results

Sats reports 1HFY2023 loss of $32.5 million, proposed rights issue to be capped at $800 million

The company plans to withhold dividend payments for now

Oil & Gas

Rex International subsidiary acquires 40% stake in two North Sea licenses with two discoveries

The licenses come with the Iving and Evra discoveries and are located in the Utsira High area.
ESR Cayman acquires ARA Asset Management for US$5.2 billion - THE EDGE SINGAPORE

M&A

ESR Cayman acquires ARA Asset Management for US$5.2 billion

The combined entity will have US$129 billion in AUM.
GKE Corporation acquires balance 30% of Marquis Services for $2.7 mil - THE EDGE SINGAPORE

M&A

GKE Corporation acquires balance 30% of Marquis Services for $2.7 mil

The acquisition was completed on the same day, making Marquis Services a wholly-owned subsidiary of the company.
CapitaLand China Trust records NPI of RMB264 mil for 1Q21 - THE EDGE SINGAPORE

Results

CapitaLand China Trust records NPI of RMB264 mil for 1Q21

CLCT says NPI was boosted by better retail performance and contributions from new business parks.
Kimly acquires 60% stake in Klovex for $1 mil - THE EDGE SINGAPORE

M&A

Kimly acquires 60% stake in Klovex for $1 mil

The consideration will be partly satisfied by cash of $700,000, and partly by the issuance of 1 million new shares in Kimly.

REITs

ESR-REIT refinances $320 million, lowering financing cost, readies for acquisitions from parent

ESR-REIT refinances $320 million at lower costs, and looks forward to acquiring a portfolio of logistics assets from sponsor
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