acquisition

SINGAPORE (March 21): Events catering company Neo Group has entered into a subscription agreement to acquire a 51% enlarged interest in Hi-Q Plastic Industries for a total consideration sum of RM1.6 million ($0.5 million), which is equivalent to 416,327 n

SINGAPORE (March 21): USP Group has failed to repay Precious Streams Holdings (PSHL) the 4.9 million of consideration shares by the deadline of March 20, 2017, the first anniversary of the date of loaned shares from PSHL.

SINGAPORE (March 20): United Overseas Australia is planning to acquire a 50% interest in a special purpose vehicle to develop a mixed used apartment building complex in Ho Chi Minh City, Vietnam.

HONG KONG (March 15): Billionaire Li Ka-shing won the approval of his shareholders to pursue the purchase of Australian power provider Duet Group, paving the way for the Hong Kong tycoon to diversify away from his reliance on Europe.

SINGAPORE (March 15): Spackman Entertainment Group has entered into a sale and purchase agreement to acquire a 100% interest in Korean equipment leasing company Frame Pictures from its owner, for a cash consideration sum of KRW 900 million ($1.1 million).

SINGAPORE (March 9): F&B player Neo Group has entered into an exclusive dealing agreement in relation to a proposed acquisition of shares in of shares in Asia Farm F&B (AFF).

SINGAPORE (March 9): Tax advisory and business consultancy company Axcelasia is acquiring Malaysian corporate governance advisory firm Audex for a sum of RM2.88 million ($0.9 million).

SINGAPORE (March 6): Oceanus Group says the Gulei Zhen municipal government in China plans to compulsorily acquire 13 of its abalone farms for urban planning.

SINGAPORE (March 4): Property group UOL is acquiring Hilton Melbourne South Wharf for A$230 million ($246 million).

SINGAPORE (Feb 23): Cache Logistics Trust (CLT) announced on Wednesday it is in the process of acquiring a single-storey warehouse with ancillary office space in the suburb of Melbourne, Australia for A$22.25 million ($24.27 million).