acquisition

SINGAPORE (Sept 19): Thakral Corporation’s jointly owned GTH Resorts has acquired two properties in Queensland, Australia, to develop and operate resort-styled retirement homes for seniors above 50 years of age.

SINGAPORE (Sept 14): DBS Group Research and CIMB are keeping their “buy” and “add” recommendations on Global Logistic Properties (GLP) at target prices of $2.47 and $2.73 respectively.

SINGAPORE (Sept 14): OCBC Investment Research is maintaining its “buy” call on Global Logistic Properties (GLP) with a target price of $2.37, after the modern warehouse provider announced it was acquiring a US-based logistics portfolio for US$1.1 bill

SINGAPORE (Aug 31): Mapletree Logistics Trust Management, as manager of Mapletree Logistics Trust, today announced the acquisition of four dry warehouse facilities in Sydney, Australia for a purchase consideration of A$85 million ($87.4 million).

SINGAPORE (Aug 22): Yongnam Holdings subsidiary, Yongnam Engineering & Construction Sdn Bhd, has agreed to acquire from vendor Vee Sen Property Sdn Bhd three land plots in Malaysia.

SINGAPORE (Aug 22): Sembcorp Marine’s subsidiary Sembcorp Marine Integrated Yard, is acquire a 100% stake in LMG Marin AS (LMG) for US$20 million ($27 million).

SINGAPORE (Aug 12): Keppel DC REIT is acquiring a data centre’s shell and core building in Milan, Italy, for a purchase consideration of EUR37.3 million ($57.3 million).

SINGAPORE (Aug 8): Koh Brothers Eco Engineering has posted a 65% earnings plunge to $340,000 for 1H16, compared with earnings of $974,000 in 1H15.

SINGAPORE (Aug 5): Singapore Exchange (SGX) has made a formal offer for the Baltic Exchange.

SINGAPORE (Aug 2): Singapore-based Surbana Jurong has acquired a 100% stake in Australia-based SMEC Holdings for $400 million.