sale and purchase agreement (SPA)

Company in the news

Meta Health to acquire 55% stake in Jas Medical Screening Centre for $0.5 mil

As at Nov 18, the clinic has an issued and paid-up share capital of $100,000 comprising 100,000 ordinary shares.

Company in the news

Oxley Holdings subsidiary to sell 30% interest in luxury hotel at Oxley Towers KLCC

This comes on the back of a shareholders’ agreement with Kindway Express Limited and Artisan Hospitality Sdn. Bhd..

Property

Ho Bee Land sells 49% stake in Elementum for $134 mil

In its Aug 12 statement, Ho Bee Land says it still intends to continue to hold Elementum for long-term investment.

Deals, joint ventures & alliances

PSC Corporation terminates agreement to acquire Dean Fa Food Co

The termination came about as the closing conditions of the SPA could not be completed, says PSC Corporation.

Deals, joint ventures & alliances

Accrelist subsidiary Jubilee Industries enters into shareholders' agreement with UPC Electronics

Shares in Accrelist and Jubilee closed at 3.7 cents and 2.7 cents respectively on Oct 12.

M&A

Low Keng Huat to dispose entire stake in Westgate Tower and Westgate Commercial and fully acquire Paya Lebar Square

Low Keng Huat will also enter into a set-off agreement with Sun Venture Companies upon the completion of the transaction.

M&A

Sitra Holdings disposes entire stake in World Furnishing Hub for $3.7 mil

Shares in Sitra Holdings closed 0.1 cent lower or 5.9% down at 1.6 cents on March 24.
GKE Corporation enters into definitive SPA for sale of 65% interest in Van Der Horst Logistics  - THE EDGE SINGAPORE

Contracts

GKE Corporation enters into definitive SPA for sale of 65% interest in Van Der Horst Logistics

Shares in GKE Corp closed 0.4 cent lower or 3.2% down at 12.3 cents on March 8.
Frasers Property sells Beijing Fraser Suites Real Estate Management for RMB1.61 bil - THE EDGE SINGAPORE

Property

Frasers Property sells Beijing Fraser Suites Real Estate Management for RMB1.61 bil

The estimated net gain of the sale is around $90 million.
Pilgrim Partners-managed VCC assumes control of Fu Yu Corp in $58.3 mil deal - THE EDGE SINGAPORE

Company in the news

Pilgrim Partners-managed VCC assumes control of Fu Yu Corp in $58.3 mil deal

The VCC managed by Pilgrim Partners paid 26 cents per share, and capped the purchase at just below the GO trigger level.
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