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joint venture (JV)
Deals, joint ventures & alliances
SIA Engineering divests 20% stake in Jamco joint venture for $4 mil
SINGAPORE (Jan 30): SIA Engineering Company (SIA EC) has sold its entire 20% stake in Jamco Singapore, to the latter’s majority owner Jamco Corporation for $3.97 million in cash, representing a 43% premium to net value.
January 30, 2019
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
December 26, 2018
Deals, joint ventures & alliances
Japan Foods announces regional expansion in partnership with Minor Singapore
SINGAPORE (Dec 8): Japan Foods Holding has inked a memorandum of understanding (MoU) with Minor Singapore to expand the geographical reach of their respective brands by franchising and operating their existing restaurant brands in Japan, Thailand, and Chi
December 08, 2018
M&A
CapitaLand's RCCIP III fund in JV with GIC to acquire Shanghai's tallest twin towers for $2.54 bil
SINGAPORE (Nov 13): CapitaLand announced that its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III), has formed a 50:50 joint venture (JV) with Singapore’s sovereign wealth fund GIC
November 13, 2018
BreadTalk partners Wu Pao Chun for expansion into Singapore and Hong Kong
SINGAPORE (Sept 10): BreadTalk Group announced that its wholly-owned subsidiary, Together Inc, has today entered into a 80:20 joint venture (JV) with Wu Pao Chun Food (WPC) to operate the Wu Pao Chun brand of Bakeries in Singapore and Hong Kong.
September 10, 2018
TA Corp enters into JV with Synergy Resources to distribute Suzuki automobiles in Myanmar
SINGAPORE (Sept 8): TA Corporation announced that its wholly-owned subsidiary, Sino Holdings, has entered into a joint venture (JV) with Synergy Resources Group to distribute Suzuki automobiles and spare parts in Myanmar.
September 08, 2018
M&A
Khazanah in talks to sell stakes in M+S, Pulau Indah Ventures to JV partner Temasek
SINGAPORE (Aug 23): Khazanah Nasional, Malaysia's sovereign wealth fund, is in talks to divest its 60% stake in M+S to its joint venture (JV) partner, Temasek Holdings, according to reports from The Malaysian Reserve.
August 23, 2018
M&A
CapitaLand-CDL JV secures prime site in Sengkang Central for $777.8 mil
SINGAPORE (Aug 16): CapitaLand and City Developments Limited (CDL) jointly announced that they, in a joint venture (JV), have secured a mixed-use residential and commercial site in Sengkang Central for $777.78 million.
August 16, 2018
Broker's Calls
MindChamps well positioned to ride growth of early childhood education industry
SINGAPORE (July 11): MindChamps PreSchool, the largest operator of premium range preschool centres in Singapore, has a market share of 38.5%, based on number of private childcare centres.
July 11, 2018