merger and acquisition (M&A)

Following the completion of the merger, the enlarged REIT will have total assets amounting to around $4.1 billion, which places it among the top five developer-backed industrial S-REITs by asset size.

The purchase price for the acquisition is $894,632.95, which will be fully paid in cash.

Yoma Strategic announced on Wednesday that it was establishing a new company, Yoma MFS Holdings (Wave Holdco), to increase its existing stake and take a controlling interest in Digital Money Myanmar Limited (Wave Money).

Union Gas Holdings and Union Energy Corporation (UEC) has signed a memorandum of understanding (MOU) to set out a framework for the potential acquisition of UEC’s assets.

PEC, the plant and terminal engineering specialist announced that it has entered into a sale and purchase agreement with Sinopec Nanjing and Sinopec Luoyang on Monday.

SINGAPORE (Dec 23): Singapore Press Holdings (SPH) is adding seven purpose-built student accommodation assets (PBSAs) to its portfolio for a price tag of £448 million ($806.4 million), the group reported on Monday. 

SINGAPORE (Dec 9): On the back of a slew of mergers and acquisitions among Singapore’s real estate investment trusts (S-REITs), UOB Kay Hian believes there could well be more consolidation of smaller S-REITs to come.

(Aug 8): Singapore-based OCBC, via OCBC Bank (Malaysia) and Lion-OCBC Capital Asia Fund I (LOCAF I), has invested about RM60 million ($19.7 million) in YYC Holdings Sdn Bhd (YYC Group), a homegrown advisory firm.