acquisition

SINGAPORE (July 17): Mainboard-listed construction group Tiong Seng Holdings is acquiring two residential freehold sites along Jervois Road for total consideration of $21 million via a joint venture.

SINGAPORE (June 30): StarHub has agreed to subscribe to 87.7 million new shares in mm2 Asia at 57 cents each, which amounts to about $15 million in total, for strategic investment purposes.

SINGAPORE (June 19): Manulife US REIT is making its maiden acquisition.

SINGAPORE (June 7): Four brokerages have expressed positive sentiment on news of Frasers Logistics & Industrial Trust’s (FLT) latest announcement of its maiden portfolio acquisition, and are thus unanimously reiterating their recommendations to buy the

SINGAPORE (June 2): Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.6 billion ($2.2 billion).

SINGAPORE (May 26): StarHub has announced an agreement to acquire a 51% stake in Accel Systems & Technologies for a total consideration of $19.4 million.

SINGAPORE (May 25): Atlantic Sky Investment, a wholly-owned subsidiary of property group Ocean Sky International, yesterday exercised the option to acquire a 999-year leasehold property at 6 Nim Drive from its vendor, Teddy Yap, for a purchase price of $4

SINGAPORE (April 7): CIMB Research is reiterating its “add” call on mm2 Asia with a higher target price of 60 cents as compared to 52 cents previously, highlighting the counter as a relatively more liquid play on the rising media trend in the region.

SINGAPORE (April 4): Affinity Capital, a wholly-owned subsidiary of telecom and IT service provider Si2i Limited, has entered into an agreement with SB ISAT Fund to acquire from it an e-commerce platform.

SINGAPORE (March 27): Neo Group’s 55%-owned subsidiary, Thong Siek Holdings, today entered into an exclusive dealing agreement with numerous parties to acquire their shares in Park Food Manufacturing.