Proposed Acquisition

Hafary proposes acquisition of remaining 19% share capital in World Furnishing Hub for $4.5 mil - THE EDGE SINGAPORE

Company in the news

Hafary proposes acquisition of remaining 19% share capital in World Furnishing Hub for $4.5 mil

Upon completion of the sale, the company's ownership of the share capital of WFH will increase from 81% to 100%.

Company in the news

Winking Studios proposes acquisition of Taiwanese On Point Creative for NTD59 mil

On Point Creative is currently a wholly-owned subsidiary of Taipei Exchange-listed Game Hours.

M&A

Hiap Hoe to acquire Great Eastern Motor Lodge in Western Australia for A$40 mil

says the proposed acquisition presents an investment opportunity with high occupancy levels that could increase recurrent incomes.

M&A

Tee International proposes acquisition of signage manufacturer for $14.0 mil

The company says the acquisition represents a strong opportunity to achieve more consistent and sustainable financial growth.

Company in the news

AsiaPhos extends timeframe for Taiwan solar business acquisition

The termination date for the term sheet, initially scheduled to be executed on or before Nov 17, has been extended to Dec 31.

Aviation & Engineering

Competition watchdog clears proposed acquisition of WFS by Sats

The proposed acquisition will not result in a "substantial lessening of competition" within any market in Singapore: CCCS.

M&A

World Precision Machinery proposes to acquire Wanning Yinhu Hot Spring Holiday Hotel for RMB155 mil

KPMG China has been appointed by World Precision Machinery to conduct financial due diligence for the proposed acquisition.

REITs

ARA US Hospitality Trust to acquire Home2 Suites by Hilton Colorado Springs South hotel for US$29.0 mil

The acquisition is expected to be accretive on a historical pro forma basis.

Company in the news

British and Malayan Holdings proposes 35% acquisition of PreceptsGroup International for $2.1 mil

The sale will be satisfied with a base consideration of $1.75 million in cash and an additional consideration of up to $350,000.

Contracts

Mun Siong Engineering receives extension to obtain JTC approval of $11 mil property acquisition

Mun Siong will now have until March 12 next year to obtain JTC's approval of its proposed acquisition from PH Hydraulics.
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