Welcome!
acquisition
Property
AIMS APAC REIT to acquire Sime Darby Business Centre for $102 mil
The acquisition will add 0.48 cents to the FY2020 distribution per unit (DPU) of 9.50 cents to 9.98 cents on a pro forma basis.
January 27, 2021
Fintech
Sea Limited acquires Indonesian bank to gain foothold in fintech
The move accelerates the company’s ambition to establish itself as a leader in financial technology and services across its region
January 13, 2021
REITs
Cromwell European REIT completes acquisition of Italian freehold intermodal logistics park for $89.5 mil
The acquisition was announced on Nov 25.
December 24, 2020
Broker's Calls
PhillipCapital upgrades Ascendas REIT to 'buy' on MQX4 acquisition
The upgrade comes as Ong adjusts her forecasts to reflect the REIT’s acquisition of MQX4.
November 02, 2020
Telecommunications
Singtel subsidiary Optus acquires Australia mobile virtual network operator for $240 mil
Amaysim is the largest mobile virtual network operator (MVNO) in Australia and fourth largest mobile provider in the country.
November 02, 2020
M&A
Mary Chia to acquire 80% of Monsoon Hairdressing for $3.05 million
To help pay for the acquisition, an investor Michael Marcus Liew will subscribe $800,000 worth of new Mary Chia Holdings shares
October 28, 2020
Company in the news
Q&M subsidiary serves arbitration notice to majority shareholder of subsidiary
Shares in Q&M closed 1.5 cents higher or 3.2% up, at 48.5 cents on Oct 22.
October 22, 2020
Broker's Calls
Three cheers to ThaiBev for higher returns
Three cheers to ThaiBev for higher returns
October 21, 2020
Broker's Calls
Maintain 'add' on Elite Commercial REIT after it completes first milestone acquisition: CGS-CIMB
CGS-CIMB have maintained their “add” call on Elite Commercial REIT after its acquisition of 58 additional commercial properties.
October 20, 2020
Company in the news
Oei Hong Leong drops suit against Raffles Education
Raffles Education said that it has consented to the discontinuance, which has been accepted and approved by the High Court.
October 14, 2020