acquisition

SINGAPORE (Dec 21): Catalist-listed Annica Holdings says its $4.2 million acquisition of a 49% stake in Horizon Greentech Resources, which was due for completion this Saturday, has been delayed for a further three months.

SINGAPORE (Dec 20): CIMB Research has downgraded its call on Thai Beverage (ThaiBev) while lowering its target price on the stock by 15 cents to $1, after imputing a potential impact to the group’s balance sheet from a recent acquisition which the resea

SINGAPORE (Dec 18): OCBC Investment Research is upgrading its call on Frasers Commercial Trust (FCOT) to “buy” from “hold” with a higher fair value estimate of $1.51.

SINGAPORE (Dec 7): Precision engineering firm Miyoshi is acquiring a property at 26 Boon Lay Way, #01-80 Tradehub 21, from Precision Tooling Company (PTC) for a consideration of $1.55 million.

SINGAPORE (Dec 7): OCBC Investment Research is upgrading its call on Roxy-Pacific to “buy” from “hold” while raising its fair value on the stock to 60 cents from 52 cents previously.

SINGAPORE (Dec 7): First Sponsor has formed a joint venture with its two key shareholders, City Developments (CityDev) and Tai Tak Estates Sendirian Berhad, to acquire the Le Méridien Frankfurt Hotel in Germany for a total of €85.0 million ($135

SINGAPORE (Nov 30): OCBC Investment Research is maintaining its “hold” on CapitaLand Retail China Trust (CRCT) with a higher fair value of $1.63 compared to $1.61 previously, after accounting for the trust’s acquisition of Rock Square and its privat

SINGAPORE (Nov 28): Developer Wee Hur Holdings announced that its Australian-focused purpose-built student accommodation (PBSA) trust, Wee Hur PBSA Master Trust, has acquired a 1,038 sqm property in Melbourne, Australia, for A$35 million ($35.8 million).

SINGAPORE (Nov 23): Natural Cool Holdings is selling its property at 38 Lok Yang Way for a consideration of $4.3 million to Hwee Metal Works.

SINGAPORE (Nov 22): Food caterer Neo Group is in exclusive talks to potentially acquire undisclosed stakes in Jil & Yellowtail and Li Xin (1968) @ ION from their owners, Ng Hui Hui Rebecca and Lim Swee Meng.