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M&A
Tiong Seng acquires two vacant land plots in Johor for $10 mil
SINGAPORE (June 18): Construction group Tiong Seng Holdings says its subsidiary Robin Village Development has agreed to fully acquire Malaysia-incorporated firm Kinsbina – which in turn owns two vacant plots of land in Mukim Rimba Terjun, Daerah Pontian
June 18, 2018
Oxley subsidiary acquires land plot in Cambodia for $8.3 mil
SINGAPORE (June 30): Oxley-Worldbridge, the Cambodia-based subsidiary of Oxley Holdings, has purchased a plot of land located on lot 17, Village 14, Sangkat Tonle Basak, Khan Chamkar Morn in Phnom Penh, Cambodia, from Khov Porseang for US$6 million ($8.3
June 30, 2017
Saudi-led alliance moves to isolate Qatar over Iran tensions
RIYADH/WASHINGTON (June 5): Saudi Arabia and three other Arab countries cut off most diplomatic and economic ties to Qatar in an unprecedented move designed to punish one of the region’s financial superpowers for its ties with Iran and Islamist groups i
June 05, 2017
Broker's Calls
ComfortDelGro to rise above the land transport sector’s negative noise
SINGAPORE (April 19): Deutsche Bank is keeping its “buy” recommendation on land transport group ComfortDelGro (CDG) at a target price of $2.90, although it notes near-term pressures abound in Singapore’s taxi industry as well as projects 5-7% lower
April 19, 2017
Global Yellow Pages subsidiary acquires land in New Zealand for $5.2 mil
SINGAPORE (Nov 15): Global Yellow Pages announced that its subsidiary, Remarkable Residences, has acquired a plot of 38,400 sqm freehold land in Queenstown, New Zealand for $5.2 million.
November 16, 2016
Results
ComfortDelgro’s 3Q earnings rise 2.5% to $87.3 mil on lower expenditure
SINGAPORE (Nov 11): Transport group ComfortDelgro posted $87.3 million in earnings for 3Q16, 2.5% higher from $85.2 million in the same quarter a year ago on the back of lower expenditure, bringing earnings per share (EPS) in 3Q to 4.05 cents compared to
November 11, 2016
Yuexiu Property acquires Hangzhou land for about $200 mil
SINGAPORE (July 11): Yuexiu Property has acquired a parcel of land in Niu Tian, Jianggan District, Hangzhou City in the Zhejiang Province of China for a consideration sum of RMB 986 million ($200 million).
July 11, 2016