acquisition

SINGAPORE (Mar 13): The battle between ride-hailing giants Grab and Uber Technologies for market share in Southeast Asia could draw to a close.

SINGAPORE (Mar 1): Kim Heng Offshore & Marine, the integrated offshore & marine (O&M) value chain services provider, says it has purchased a 6,000BHP anchor handling tug/supply (AHTS) vessel for about $0.7 million.

SINGAPORE (Feb 22): AEM Holdings is fully acquiring IRIS Solution, a Singapore-incorporated advanced machine vision solutions provider, for $1.5 million.

SINGAPORE (Feb 12): OUE Lippo Healthcare further sunk into the red in FY17 with a loss of $90.7 million, 18% down from its loss of $76.8 million the previous year on lower revenue and higher costs of sales.

SINGAPORE (Jan 23): The manager of Frasers Commercial Trust (FCOT) has declared a distribution per unit (DPU) of 2.4 cents for 1Q18, a 4.4% decline from 2.51 cents in the preceding year on lower revenue.

SINGAPORE (Jan 17): Lion Global Investors, a subsidiary of Oversea-Chinese Banking Corporation (OCBC), has raised its interest in China’s Maxwealth Fund Management Company (FMC) to 28.51% from 10% previously by acquiring 37 million shares for RMB61.45 m

SINGAPORE (Jan 12): Last September, Croesus Retail Trust (CRT) was taken private by Blackstone Group at a higher price than it ever garnered in the public market.

SINGAPORE (Jan 5): CDW Holding, the producer and supplier of precision components, is acquiring a 95% stake in GSP Enterprise, a limited liability company established in Japan, for a cash consideration of 14.25 million yen ($168,2000).

SINGAPORE (Jan 3): Cordlife Group is fully acquiring a private cord blood bank in Hong Kong, HealthBaby Hong Kong, for US$7 million in cash ($9.3 million) after adjusting for US$2.5 million in the company’s cash and bank loans that will remain in place.