joint venture (JV)

M&A

ComfortDelGro-Uber joint venture enters Phase 2 of regulatory review

SINGAPORE (Feb 19): ComfortDelGro (CDG) says its partnership with Uber Technologies is entering the second stage of the Competition Commission of Singapore’s (CCS) deliberation with regards to the two companies’ proposed joint venture (JV).

M&A

MindChamps PreSchool sets up US$200 mil fund to establish and acquire preschools in China

SINGAPORE (Feb 19): MindChamps PreSchool last Thursday entered into a joint venture (JV) agreement with China First Capital Group (CFCG) to establish a fund that will be used to establish and acquire preschools in China and operate them under the “MindC

M&A

Japan Foods in JV with local restaurant operator to launch Menya Mushashi in Indonesia

SINGAPORE (Feb 14): Japan Foods Holding has entered into an agreement with Indonesia’s PT Arena Gourmet to subscribe a minority joint venture (JV) stake in Indonesia-incorporated PT Menya Musashi Indonesia (MMI).

M&A

ISOTeam to sell 34.1% stake in subsidiary to Japan's Taisei Oncho

SINGAPORE (Feb 13): ISOTeam is proposing to sell a 34.1% stake in its wholly-owned subsidiary ISO-Integrated M&A to Japan-listed Taisei Oncho (TOC) for $3 million, with the intention to subsequently establish a joint venture (JV) with TOC to strengthen it

Broker's Calls

Singapore Medial Group a 'buy' as it builds IVF arm

SINGAPORE (Feb 6): RHB is maintaining its “buy” call on Singapore Medical Group (SMG) with a target price of 79 cents.

Broker's Calls

Brokers upgrade SIA Engineering after 3Q upside surprise

SINGAPORE (Feb 5): OCBC Investment Research and DBS are upgrading their calls on SIA Engineering Company (SIAEC) to “buy” from “hold” previously with a higher fair value and target price of $3.70 and $3.86, respectively.

BreadTalk and Song Fa to open first bak kut teh restaurant in Shanghai Jing An Kerry Centre

SINGAPORE (Jan 26): BreadTalk and Song Fa is opening the first Song Fa restaurant in Shanghai's Jin An Kerry centre today.

M&A

Roxy-Pacific JV acquires Kismis View for $102.8 mil

SINGAPORE (Jan 19): Roxy-Pacific Holdings announced that its wholly-owned subsidiary, RP Ventures, along with joint venture (JV) partner, TE2 Development, is acquiring Kismis View for $102.8 million.

Midas JV unit awarded metro train supply contracts worth $548 mil

SINGAPORE (Jan 3): Midas Holdings has announced that three metro train supply contracts totalling to RMB2.68 billion ($547.7 million) were awarded to its joint venture (JV) unit, CRRC Nanjing Puzhen Rail Transport (NPRT), in which the group has a 32.5% eq

M&A

ComfortDelGro and Uber finally join forces

SINGAPORE (Dec 8): ComfortDelGro Corporation finally announced they will be entering into a joint venture (JV) with Uber Technologies.
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