acquisitions

SINGAPORE (Feb 7): The manager of Parkway Life REIT (PLife REIT) is acquiring Konosu Nursing Home Kyoseien, a nursing rehabilitation facility in Japan, from operator Iryouhoujin Shadan Kouaikai for 1.5 billion yen ($17.8 million) under a sale and leasebac

SINGAPORE (Jan 24): DBS Vickers Securities is maintaining its “buy” recommendation on Mapletree Logistics Trust (MLT) with a higher target price of $1.45, above the consensus average of $1.35, to account for potential new acquisitions.

SINGAPORE (Jan 24): Accrelist, the manufacturer of electronic components and test equipment for the disk drive industry, is fully acquiring a chain of four aesthetic medical clinics known as Refresh Laser Clinics (RLC) for a consideration of $4 million fr

SINGAPORE (Jan 4): The manager of SPH REIT has announced a 1Q19 distribution per unit (DPU) of 1.34 cents, which remains unchanged from a year ago and will be paid to unitholders on Feb 15.

SAN FRANCISCO (Jan 3): Ant Financial Services Group abandoned its plan to merge with MoneyGram International Inc. after the companies failed to win approval from the Committee on Foreign Investment in the US, a national-security panel that has become more

SINGAPORE (Jan 2): Chip Eng Seng’s subsidiary in Vietnam, Viet Investment Link Joint Stock (VietLink) is acquiring a 60% stake in a Vietnam development known as Soai Kinh Lam Apartment – Commerce Center, in District 5 of Ho Chi Minh City, for US$19.7

SINGAPORE (Dec 28): Soon Lian Holdings, the supplier of aluminium alloy products, is purchasing a single-storey detached factory at 6 Tuas Lane from Halliburton Far East for $7.8 million, which is subject to a goods and services tax (GST) of $546,000.

SINGAPORE (Dec 22): The manager of Ascendas REIT (A-REIT) is divesting 84 Genting Lane to corporate gifts firm Axxel Marketing for $16.68 million, which represents a 66.8% premium to the property’s original purchase price of $10 million.

SINGAPORE (Nov 24): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring six warehouses from logistics and supply management service provider Arshiya for a total consideration of INR 5.34 billion ($112.5 million).  

SINGAPORE (Oct 19): New Silkroutes Capital (NSC), the investment arm of New Silkroutes Group (NSG), is acquiring a 66% stake in European fund manager Culross Global Holdings.