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interested person transaction (IPT)
Deals, joint ventures & alliances
Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation
The JVCo is said to explore a potential share subscription of $84.27 million for a 50% stake in BetterBe Marketplace.
August 16, 2022
Telecommunications
Singtel increases stake in Thai subsidiary Intouch to 24.99% for $330 mil via IPT
Singtel is one of Intouch’s two largest shareholders along with Gulf Energy, Thailand’s biggest power producer by market value.
June 16, 2022
Company in the news
Metech JV partner disposes shares in JVCo for $4 mil as an interested person transaction
The sale shares represent 20% of the total paid-up and issued share capital of the JVCo.
April 18, 2022
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
Chip Eng Seng to provide management services to hotels and serviced residences via JV as an IPT
Shares in Chip Eng Seng closed 0.5 cent higher or 1.18% up at 43 cents on Jan 31.
January 31, 2022
REITs
CICT divests JCube to CapitaLand Group subsidiary for $340 mil as an interested person transaction
According to CICT, the divestment is part of its strategy to “deliver stable and sustainable returns to unitholders”.
January 25, 2022
Property
Far East to sell Woods Square property unit for $1.8 mil as an IPT
The consideration of $1.8 million translates to $21,907.22 per sqm over the strata area of 81 sqm.
March 23, 2021
Company in the news
Fabchem China fully disposes stake in Shandong Yinguang Technology for $18 mil
Based on the disposal consideration, the loss on disposal would be $4.5 million, or RMB22.6 million.
March 22, 2021
Company in the news
Maxi-Cash buys $0.5 mil of 6.35% bonds from director for $514,776
Shares in Maxi-Cash closed flat at 16.8 cents on Dec 31.
December 31, 2020
Deals, joint ventures & alliances
Yoma Strategic enters into joint venture to develop second city loft project as an interested person transaction
Shares in Yoma Strategic closed 0.5 cent lower or 1.6% down at 30.5 cents on Dec 15.
December 15, 2020