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joint venture
Disruption and Digitalisation
Grab and Singtel to jointly apply for digital full bank licence as application deadline nears
SINGAPORE (Dec 30): Ride-hailing firm Grab Holdings and Singapore’s largest telco Singtel are forming a consortium to apply for a digital full bank licence in Singapore, reported the companies on Monday.
December 30, 2019
Deals, joint ventures & alliances
BlackRock, Temasek to take majority stake in wealth management JV with China Construction Bank
(Dec 23): US asset manager BlackRock Inc, Singapore state investor Temasek Holdings and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter.
December 23, 2019
Deals, joint ventures & alliances
Koufu enters into another JV for Indonesian expansion after first JV failed to take off
SINGAPORE (Dec 18): Koufu Group announced that its subsidiary, Super Tea, has entered into a joint venture with PT Berkah Cipta Adirasa to develop, establish, manage and operate the Supertea and R&B Tea brans in Indonesia.
December 18, 2019
Deals, joint ventures & alliances
ARA and Logos form strategic partnership to establish logistics real estate development
SINGAPORE (Dec 12): ARA Asset Management will partner integrated logistics property specialist Logos Group to establish a logistics real estate development and investment management partnership in the Asia Pacific region.
December 12, 2019
Deals, joint ventures & alliances
Kingsmen and Hasbro launch world's first Nerf Action Experience arena in Singapore
SINGAPORE (Oct 4): Leading communication design and production group Kingsmen Creatives has partnered global play and entertainment company Hasbro to unveil the world’s first Nerf Action Experience (NAX) arena in Singapore.
October 04, 2019
Company in the news
Jumbo opens second Tsui Wah outlet in Singapore
SINGAPORE (Sept 17): Jumbo Group has opened its second Tsui Wah outlet in Singapore, located at The Heeren along the Orchard Road shopping belt.
September 17, 2019
M&A
Mapletree Industrial Trust and Mapletree Investments to acquire US$1.4 bil data centre portfolio in North America
Digital Realty will continue to manage the three hyper-scale data centres and 10 Powered Base Building data centres for a one-year transition period.
September 16, 2019
Property
UOL-led JV to launch Avenue South Residence at Greater Southern Waterfront
SINGAPORE (Aug 28): A consortium led by UOL Group will start the public preview of Avenue South Residence, a 56-storey condominium at Greater Southern Waterfront on Friday.
August 28, 2019
Company in the news
Keppel expands data centre footprint in Sydney
SINGAPORE (Aug 5): Keppel Corporation’s Alpha Data Centre Fund is acquiring a 3,840 sqm plot of freehold land in Gore Hill Technology Park to develop a data centre in Sydney, Australia.
August 05, 2019
Investing ideas
Can Yangzijiang diversify itself out of a doldrum?
SINGAPORE (July 18): Yangzijiang Shipbuilding is diversify its business and venturing into new areas of expertise given an upturn in the offshore & marine industry is nowhere to be seen.
July 18, 2019