joint venture (JV)

SINGAPORE (Nov 21): Sembcorp Industries through its wholly-owned subsidiary, Sembcorp Development, is increasing its interest in Vietnam Singapore Industrial Park (VSIP) to 96.6% from 92.9% previously.

SINGAPORE (Nov 20): Roxy Pacific is proposing to acquire a freehold property based in Melbourne, Australia, for A$74.14 million ($76.1 million) via its new joint venture (JV) company, TE2 Roxy Australia.

SINGAPORE (Nov 13): Maybank Kim Eng is upgrading its recommendation on SATS to “buy” from “hold” previously with a target price of $5.70, following the group’s developments over the past month that may contribute to its medium-term growth.

SINGAPORE (Oct 20): Premier Mirach, a subsidiary of Mirach Energy, has won a RM20.5 million ($6.6 million) contract for a construction and development project in West Malaysia.

SINGAPORE (Oct 12): TEE International, the engineering and property group, has formed a JV company with Malaysian Solar Resources (MSR).

SINGAPORE (Oct 11): Midas Holdings' 32.5%-owned JV company in China, CRRC Nanjing Puzhen Rail Transport (NPRT), has won three metro train car supply contracts amounting to RMB2.37 billion ($490 million) in total. 

SINGAPORE (Oct 9): OCBC Investment Research is maintaining its “buy” call on City Developments Limited (CDL) while raising its fair value estimate to $12.90 from $12.39 previously after factoring in its recent site acquisition as well as firmer reside

SINGAPORE (Oct 4): United Global Limited, the lubricant manufacturer and trader, announced that wholly-owned subsidiary United Oil Company and M-TechX United have entered into a joint venture (JV) & shareholders’ agreement with Japan’s M-TechX Group.

SINGAPORE (Oct 3): SIA Engineering Company (SIAEC) has established a 49%-owned joint venture (JV) company, Moog Aircraft Services Asia, with Moog Inc. to provide maintenance, repair and overhaul services for Moog-manufactured flight control systems fitted

SINGAPORE (Sept 27): Affiliates of GIC have entered into a 50-50 joint venture (JV) shareholding with Indian real estate developer K Raheja Corp Group (KRC), to acquire a 3-acre land parcel in Mumbai, India, from Siemens for approximately US$94 million ($