business diversification

Company in the news

Shares in Viking Offshore & Marine plunge 10.2% after rights cum warrants issue announcement and proposed name change

As at 9.39am, shares in Viking & Offshore Marine are trading 1 cent lower or 10.204% down at 8.8 cents.
Southern Alliance Mining enters JV with Sultan of Johor to carry out exploration work; diversifies business - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Southern Alliance Mining enters JV with Sultan of Johor to carry out exploration work; diversifies business

Southern Alliance Mining diversifies business following JV with Sultan of Johor.
KTL Global undertakes share placement to raise $3.1 mil to grow B2C business - THE EDGE SINGAPORE

Company in the news

KTL Global undertakes share placement to raise $3.1 mil to grow B2C business

KTL Global undertakes share placement to raise $3.1 mil to grow B2C business.

M&A

Mercurius diversifies into grocery business in Malaysia with $36 mil acquisition of Songmart Holdings

Mercurius diversifies into supermarket business with a new acquisition.

Company in the news

Sen Yue eyes earnings recovery with e-waste diversification and new smelting facility

This smelting facility, the first in Singapore, would allow the group to process up to a total 1,000 tonnes of discarded batteries which have been grounded to a powder per month.

Commodities

BlackRock has bigger guns in its armoury

(Jan 31): BlackRock Inc, the world’s largest asset manager, says it will cut exposure to companies linked to thermal coal, among other climate-friendly measures. It’s a powerful signal. Unfortunately, it only scratches the surface.

Broker's Calls

China Aviation Oil kept at 'buy' by RHB on diversification strategy, long-term growth prospects

Given CAO's zero debt balance sheet and significant net cash position (24% of its market cap), analyst Shekhar Jaiswal believes that the group is able to undertake a "sizable earnings-accretive acquisition."

Broker's Calls

HRnetGroup's business diversification amid economic uncertainty keeps it at 'add'

SINGAPORE (June 14): CGS-CIMB Research is keeping HRnetGroup at “add” but with a lower target price of $1.01 compared to $1.03 previously.

Corporate moves

Chew's Group seeking approval for name change and business diversification

SINGAPORE (Jan 9): Chew’s Group on Tuesday will hold an extraordinary general meeting (EGM) to propose a company name change to OneApex, diversification of its business and adoption of the IPT (interested personal trasanctions) general mandate.

M&A

Datapulse to acquire Seoul hotel for $42.7 mil

SINGAPORE (Dec 17): Datapulse Technology announced that it is acquiring Hotel Aropa, a hotel located in Seoul, Korea, from Hotel Prima Co for a consideration of KRW 35 billion ($42.7 million).
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