acquisition

SINGAPORE (Sept 11): Frasers Centrepoint Limited is acquiring four income-producing business parks in the United Kingdom for a purchase consideration of £686 million ($1.2 billion).

SINGAPORE (Sept 4): New Silkroutes Group’s proposed 100% acquisition of American investment holding company Capital Group Investments has lapsed due to “certain restructuring” within Capital Group.

SINGAPORE (Sept 4): YuuLog Europe, a joint venture (JV) company recently set up between YuuZoo Corp and the former management of Cinram Logistics France (CLF), has acquired the business assets of CLF, including a business that is expected to generate more

SINGAPORE (Aug 30): CIMB Research is maintaining its “hold” call on Mapletree Logistics Trust (MLT) with a higher target price of $1.13 as it continues to project total returns of less than 10%.

SINGAPORE (Aug 23): UOB Kay Hian is maintaining its “hold” call on media group Singapore Press Holdings (SPH) with a lower target price of $2.85 compared to $2.90, as well as a recommended entry price of $2.60.

SINGAPORE (Aug 18): Ascendas-Singbridge is acquiring 66 Goulburn Street, a Grade ‘A’ commercial building in Sydney’s central business district, for A$252 million ($270 million) from Australia-listed GDI Property Group.  

SINGAPORE (Aug 11): DBS Vickers Securities is maintaining its “buy” rating on Thai Beverage (ThaiBev) with an unchanged price target of $1.07.

SINGAPORE (July 24): Centurion Corporation is planning to acquire a portfolio of 1,936 beds in five student accommodation assets in US for a consideration of US$136 million ($187 million).

SINGAPORE (July 24): The Ascott, CapitaLand’s serviced residence unit, is acquiring an 80% stake in Synergy Global Housing, a leading accommodation provider in the US where it leases apartments from partners and property owners to rent to corporate clie

SINGAPORE (July 18): SingPost says legal counsel WongPartnership LLP has issued a summary report setting out its observations concerning processes in the acquisition of TradeGlobal Holdings.