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joint venture (JV)
United Global forms Australia JV; welcomes new institutional investor
SINGAPORE (Mar 29): United Global says its wholly-owned subsidiary, United Oil, has agreed to incorporate a joint venture (JV) company in Australia with PFR Management and DP United to import and distribute lubricant products manufactured by United Oil in
March 29, 2018
Aviation & Engineering
SIA-Lufthansa JV brings back return flights to Munich
SINGAPORE (Mar 29): Lufthansa will fly five times a week between Munich and Singapore, five years after the flights were cancelled.
March 29, 2018
M&A
Wilmar acquires remaining 50% stake in investment holding company from Olam for $195 mil
SINGAPORE (Mar 21): Wilmar International announced that its direct wholly-owned subsidiary, Wilmar Resources, has acquired a 50% equity interest in Nauvu Investments from Olam International for US$148 million ($194.9 million).
March 21, 2018
Broker's Calls
Take profit on BreadTalk before rising capex & start-up costs set in, advises RHB
SINGAPORE (Mar 19): RHB advises investors to sell BreadTalk and take profit given its current share price is approaching the target of $2.
March 19, 2018
Acromec diversifies into renewable energy sector; expands into Indonesia
SINGAPORE (Mar 14): Acromec has incorporated two companies to diversify into a new sector and a new country.
March 14, 2018
Broker's Calls
Maybank keeps Jumbo at 'buy' following JV to bring Tsui Wah brand to Singapore
SINGAPORE (Mar 12): Maybank Kim Eng is maintaining its “buy” call on Jumbo Group with a target price of 70 cents.
March 12, 2018
BreadTalk partners Wu Pao Chun Bakery to expand into 4 major China cities
SINGAPORE (Mar 12): BreadTalk announced that its wholly-owned subsidiary, Shanghai Star Food F&B Management has entered into a joint venture agreement with Taiwanese bakery brand, Wu Pao Chun Food (WPC), to operate the Wu Pao Chun brand of bakeries in Bei
March 12, 2018
Jumbo in JV to bring HK-style 'cha chaan teng' to Singapore
SINGAPORE (Mar 9): Jumbo Group is partnering Kang Wang Holdings to start and operate the Tsui Wah brand of "cha chaan tengs" in Singapore.
March 09, 2018
M&A
CityDev and partner sign JV to acquire Sumang Walk land for $509 mil and build EC after winning bid
SINGAPORE (Mar 8): City Developments (CDL) says subsidiary CDL Constellation will now enter into a JV agreement TID Residential (TIDR).
March 08, 2018
Sembcorp exits JV with Takamul Investment; sells entire stake for $3.3 mil
SINGAPORE (Mar 5): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Utilities (Oman), will be exiting its joint venture (JV) with its partner Takamul Investment, a subsidiary of Oman Oil Company.
March 05, 2018