mergers and acquistions (M&A)

M&A

First Resources acquires plantation for $162.9 mil

First Resources wins $162.9 million bid to acquire a 17,600 hectares plantation in Indonesia.
ComfortDelGro expands footprint in Australia with $165.1 million A2B acquisition - THE EDGE SINGAPORE

Company in the news

ComfortDelGro expands footprint in Australia with A$165.1 million A2B acquisition

ComfortDelGro (CDG) is bolstering its presence in Australia via its subsidiary's acquisition plan for A2B Australia (A2B).

M&A

ST Engineering acquires StarHub’s D’Crypt for $67.5 mil to boost cyber capabilities

The transaction is expected to be completed in the first quarter of 2024.

In Focus

How to reduce and manage cyber risks during M&As

Disparate security and IT operations between entities represent a growing challenge for companies that grow through M&A activity.

M&A

IHH Healthcare’s indirect wholly-owned Pantai Holdings acquires Bedrock Healthcare for RM245 mil

The acquisition is expected to be completed by the first half of 2024.

Singapore economy

Briefs: SGX-listed companies and trusts score in governance study; M&A deals surge by 28% q-o-q to US$602 bil in 2Q2023

Within the general category, Singapore Telecommunications (Singtel) reclaimed the top position, which it held from 2015 to 2019.
Global M&A deals surged 28% q-o-q to US$602 bil in 2Q2023, but down in APAC ex-China - THE EDGE SINGAPORE

M&A

Global M&A deals surged 28% q-o-q to US$602 bil in 2Q2023, but down in APAC ex-China

There were 124 “mega-deals” of at least US$1 billion, up 46% q-o-q from 85 “mega-deals” in the previous quarter.
OEL acquires 70% stake in Quest Asia for $450,000 - THE EDGE SINGAPORE

M&A

OEL acquires 70% stake in Quest Asia for $450,000

Upon the completion of the acquisition, OEL’s NTA per share will rise to 0.17 cents from 0.13 cents previously.

M&A

Mewah International acquires Indonesian palm oil facility operator for IDR102 bil

The net asset value of the shares being acquired is approximately IDR73 billion.

M&A

Singapore Paincare Holdings acquires orthopaedic practice for $3.1 mil

The acquisition was completed on March 14.
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