mergers and acquisitions (M&A)

Aviation & Engineering

Sats proposes to acquire general cargo handling operations at Amsterdam airport

Shares in Sats closed 1 cent lower or 0.27% down at $3.65 on Aug 30.

Markets

CLOs have too much money and are running out of things to buy

A slowdown in M&As after borrowing costs rose is continuing to deprive the lenders of leveraged loans.
Mooreast acquires facility from Seatrium for $13.5 mil - THE EDGE SINGAPORE

M&A

Mooreast acquires facility from Seatrium for $13.5 mil

Mooreast acquires from Seatrium a shipyard facility for $13.5 mil.
StarHub and M1 potential merger said to be back on - THE EDGE SINGAPORE

M&A

StarHub and M1 potential merger said to be back on

StarHub and M1 are reviving talks of a merger.
Singtel said to hire JPMorgan for Optus stake sale to Brookfield - THE EDGE SINGAPORE

Company in the news

Singtel said to hire JPMorgan for Optus stake sale to Brookfield

Singtel is said to have hired JPM to facilitate a possible minority stake sale in Optus.

Banking & finance

65% of insurance and insurance asset managers expecting more M&A activity in Singapore and Hong Kong in 2024

In Singapore itself, 63% of the insurers and insurance asset managers polled expect to see M&As in the city-state rise in 2024.

M&A

Keppel Corp acquires European fund manager in wider FUM push

The initial acquisition is expected to take place by 1H2024 and is expected to be immediately accretive to Keppel’s earnings.
From one war to two: OCBC expects slower loan growth, sustained NIMs after 3QFY2023 - THE EDGE SINGAPORE

Banking & finance

From one war to two: OCBC expects slower loan growth, sustained NIMs after 3QFY2023

OCBC's group CEO Helen Wong says she expects the bank’s current NIMs to hold steady through 1HFY2024 ending June 2024.

M&A

YKGI acquires remaining shares in Fine Food F&B, Fine Food (Nanyang) for $0.3 mil

YKGI Limited acquires remaining shares in food court operator for $0.3 mil.

Fintech

Global and Singapore fintech funding in 1H2023 dropped, but payments and AI remain resilient sectors: KPMG

A cloud of uncertainty continues to weigh on investors, but certain sectors persist, according to KPMG.
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