acquisition

MYP breaks down funding sources for Straits Trading Building acquisition

SINGAPORE (Oct 14): MYP will fund the $560 million acquisition of The Straits Trading Building from three sources.

Singapore Medical Group to acquire 6 O&G clinics from Astra Women Specialists for $60 mil

SINGAPORE (Oct 11): Singapore Medical Group is acquiring the six obstetrics and gynaecology (O&G) clinics under the Astra Women Specialists group of clinics for $60 million.

In print this week

This might finally be Sapphire’s time to shine

SINGAPORE (Oct 7): The patience of long-time Sapphire shareholders might have been tested with the losses suffered in the earlier years and a share price that has seen two rounds of consolidation and a drop of almost 50% in five years.

Keppel DC REIT acquires Cardiff data centre for $59 mil

SINGAPORE (Oct 6): Keppel DC REIT has acquired a 100% stake in a data centre located in Cardiff, United Kingdom, for £34.0 million ($59.3 million).

UPP to acquire shares and notes in Taiga Building Products

SINGAPORE (Oct 5): UPP Holdings has entered into an agreement to acquire shares and notes in Taiga Building Products from Berjaya Corporation and its unit, Berjaya Forest Products, as well as shares in Taiga from an entity linked to UPP director Tong Kooi

Broker's Calls

Is Vietnam the next frontier for MapletreeLog?

SINGAPORE (Sept 29): Mapletree Logistics Trust (MLT) has acquired a Vietnam warehouse for VND 339.2 billion ($20.7 million) from its sponsor Mapletree Investments, which UOB Kay Hian says is in line with the group’s strategy to build a diversified portf

Zhongmin Baihui to acquire retail premises for $25 mil

SINGAPORE (Sept 29): Zhongmin Baihui Retail Group is planning to acquiring the retail premises of the shopping mall at Hui’an County in Quanzhou, Fujian province, for RMB122.2 million ($24.9 million).

Results

Lifebrandz's FY16 losses narrow

SINGAPORE (Sept 28): Lifebrandz, the Irish pub operator which is diversifying into goldmining, saw losses from continuing operations narrow slightly to $1.1 million in FY16 from $1.2 million in FY15.

Yanlord acquires 50% stake in Tianjin developer for RMB20 mil

SINGAPORE (Sept 28): Yanlord Land Group says wholly owned subsidiary, Yanlord Development Tianjin Co, has acquired a 50% stake in Tianjin Shenglin Property Development Co. for RMB19.9 million ($4.1 million).

Broker's Calls

Bright spot remains for Tat Hong despite failed takeover

SINGAPORE (Sept 20): Tat Hong said talks with an undisclosed party interested in acquiring the company have ceased.
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