acquisition

SINGAPORE (Nov 8): Procurri has announced its first post-IPO acquisition of UK-based EAF Supply Chain for $2.6 million by its UK subsidiary, Procurri UK.

SINGAPORE (Nov 8): First REIT has entered into an agreement to acquire Siloam Hospitals Labuan Bajo (SHLB) for $20 million.

SINGAPORE (Nov 8): OCBC Investment Research is maintaining its “hold” rating on PACC Offshore Services Holdings with a fair value of 30 cents, in anticipation of further impairments going forward.

SINGAPORE (Nov 1): DBS Group Holdings posted earnings of $1.07 billion for the 3Q ended Sept, 0.5% higher than the same quarter a year ago. This was in line with analysts’ expectations with Maybank Kim Eng upgrading the stock to a “hold” with a high

SINGAPORE (Oct 28): GKE Corporation, the integrated warehousing and logistics solutions provider, has entered into an agreement the vendors of TNS Ocean Lines (S) to acquire 100% ownership of TNS for a purchase consideration of $9 million.

SINGAPORE (Oct 28): Mewah International has acquired a 95% stake in PT Angso Duo Sawit, an Indonesia-based palm oil company, for IDR 136.5 billion ($14.6 million).

SINGAPORE (Oct 24): Figtree Holdings and Vibrant Group announced its jointly owned unit, Vibrant Properties, has formed a 60-40 joint venture company Master Development Jiangyin with Fengteng International Trading Jiangyin.

SINGAPORE (Oct 18): Lian Beng construction group has acquired Khong Guan Industrial Building, an eight-storey freehold light industrial building at 20 Mactaggart Rd, for $31 million through its wholly-owned subsidiary, Smooth Venture.

Singapore (18 Oct): Razer announced that it has acquired the majority of the assets of audio technology company THX for an undisclosed sum.

SINGAPORE (Oct 17): Cedar Strategic is acquiring a 49% effective stake in mixed use luxury development Golden City in Yangon for US$24.9 million ($34.6 million).