acquisition

SINGAPORE (Dec 6): UOB Kay Hian is maintaining its "buy” call on Keppel T&T with a target price of $2.53, citing snowballing profit and an earnings boost from its maiden acquisition in Frankfurt.

SINGAPORE (Dec 1): Singapore Press Holdings has acquired an additional 20% stake in Chinatown Point for $30.9 million, increasing its stake in the property to 27.35% from 7.35%.

SINGAPORE (Nov 24): Roxy-Pacific Holdings says its wholly-owned subsidiary, RPV Assets, has acquired all lots and common property of the development at 120 Grange Road for a purchase price of $48.5 million.

SINGAPORE (Nov 23): Engineering service provider, Acromec, has acquired a 60% stake in Golden Harvest Engineering for $1.86 million, its first acquisition since listing on the Singapore Exchange’s Catalist Board in April.

SINGAPORE (Nov 23): Fraser & Neave’s wholly owned subsidiary MDSB has exercised a call option to acquire the remaining 30% of the issued share capital of Yoke Food Industries for RM23.4 million ($7.5 million).

SINGAPORE (Nov 15): Global Yellow Pages announced that its subsidiary, Remarkable Residences, has acquired a plot of 38,400 sqm freehold land in Queenstown, New Zealand for $5.2 million.

SINGAPORE (Nov 16): Financial technology (fintech) group ayondo has acquired investor education app, Tradehero for an undisclosed sum.

SINGAPORE (Nov 15): DBS Group Research is maintaining a “buy” call on Procurri with a target price of 56 cents, citing a potential acquisition in the works.

SINGAPORE (Nov 9): mm2 Asia is acquiring 13 cinemas in Malaysia from Lotus Fivestar Cinemas for RM118 million ($39.1 million).

SINGAPORE (Nov 8): Global Premium Hotels has set up an Australian subsidiary, GP Hotel Launceston to facilitate the acquisition of Clarion Hotel City Park Grand in Launceston, Tasmania, for A$7.2 million ($7.6 million).