Welcome!
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.
March 28, 2022
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.
July 16, 2021
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.
July 15, 2021
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.
July 12, 2021
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.
March 27, 2020
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.
January 31, 2020
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."
January 21, 2020
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.
June 14, 2019
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.
January 09, 2019
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).
December 17, 2018