joint venture (JV) company

Aviation & Engineering

ST Engineering and Israel Aerospace Industries to market and sell advanced naval missile systems in Singapore

The JV, named Proteus Advanced Systems, will market and sell advanced naval missile systems, including a next generation anti-ship missile system.

Deals, joint ventures & alliances

SPH taps into lucrative data centre with Keppel Data Centres

Data centres are likely to become more lucrative as digitalisation accelerates.

Deals, joint ventures & alliances

LHN in joint venture with Lion City Rentals to acquire JTC industrial property for $3.2 mil, now owns 40% stake in joint venture company

LHN, the real estate management group, announced Thursday, that it has entered into a proposed joint venture with car fleet rental company Lion City Rentals (LCR), to acquire and operate a JTC industrial property (JV Property) at Toa Payoh West.

SUTL receives approval to begin sales of membership for ONE°15 Marina Puteri Harbour Malaysia

SINGAPORE (Dec 26): SUTL Enterprise announced that ONE15 Marina Development, its joint venture company with UEM Land, was granted the approval by the Companies Commission of Malaysia or Suruhanjaya Syarikat Malaysia (SSM) to begin selling memberships for

Property

Perennial-led JV puts in $68 mil winning bid for land next to Kunming South HSR station

SINGAPORE (Dec 20): Perennial Real Estate Holdings announced that its 45%-owned joint venture vehicle, Perennial HC Holdings, has won a tender to develop two plots of land in China located next the Kunming South High Speed Railway (HSR) Station.

M&A

Sembcorp divests medical waste treatment business for $20 mil

SINGAPORE (May 17): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for $20 million.

M&A

Mattar Road site tender awarded to Keong Hong, Hock Lian Seng, TA Corp JV for $223 mil

SINGAPORE (May 17): A joint venture (JV) company consisting of Keong Hong, Hock Lian Seng Holdings and TA Corp has been awarded a land parcel at Mattar Road at a tender price of $223 million.

Aviation & Engineering

SATS partners AirAsia to grow ground handling business across Asean

SINGAPORE (Oct 30): SATS, the provider of gateway services and food solutions, and AirAsia, the low-cost carrier airline, will be entering into a ground handling partnership to tap the fast-growing Asean air travel market.

Sembcorp JV enters into JV with Nishi-Nippon Railroad for residential development in Vietnam

SINGAPORE (Oct 20): Sembcorp’s joint venture (JV) company, Vietnam Singapore Industrial Park and Township Development Joint Stock Company (VSIP JSC), has signed a conditional JV agreement with Nishi-Nippon Railroad (NNR) to develop a residential project

EnGro subsidiary subscribes for 60% stake in JV company for US$1.125 mil

SINGAPORE (Sept 25): R&P, a subsidiary of building materials provider EnGro Corporation, has subscribed for a 60% stake in its joint venture (JV) company with Omni-Plus System, R&P Technologies, for US$1.125 million ($1.52 million).
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