acquisition

Analysts from CGS-CIMB, DBS, OCBC and UOB Kay Hian have given "buy" calls on the counter.

On Sept 3, the manager of Frasers Centrepoint Trust announced it plans to acquire the 63.1% PGIM Asia Retail Fund (ARF) held by Frasers Property (FPL). FCT's manager also announced the proposed sale of Bedok Point.

Keppel says that as at end-December, the adjusted net tangible asset value of the property, based on its value attributable to the share sales, stood at RMB498 million.

After a strong 4Q, Prime US REIT is eyeing a DPU and NAV per unit accretive acquisition in Sacramento.

SINGAPORE (Feb 11): Vividthree Holdings, plans to pay $1.5 million for the intellectual property rights of a comic title, Silent Horror. Under terms of the deal, the two sellers, Goh Chun Hoong and Goh Chun Keong, will receive in total cash of $0.5 millio

The Hour Glass is investing more than NZ$80 million ($71.8 million) in these three purchases to mark its entry into New Zealand via its largest city.

Separately, SGX has announced that it will be acquiring a 93% stake in Scientific Beta, a smart beta index firm, for 186 million euros ($280 million).

SINGAPORE (Dec 18): United Overseas Insurance (UOI) is acquiring an office property located at 146 Robinson Road from United Overseas Bank (UOB) for $52 million, the group reported on Wednesday. 

SINGAPORE (Dec 16): Keppel Seghers, the wholly-owned subsidiary of Keppel Infrastructure, which is a division of Keppel Corporation, is set to acquire an 18.18% stake in environmental solutions provider Zerowaste Asia for $5 million. 

SINGAPORE (Dec 13): GIC, Singapore’s sovereign wealth fund, said it had signed a deal to buy a logistics real estate portfolio from funds managed by private-equity firm Apollo Global Management’s affiliates for about 950 million euros ($1.4 billion).