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Salim Group
Capital markets
Gallant Venture forms JV to supply renewable energy to Singapore
Pacificlight Power is a company related to Indonesia’s Salim Group and PT Medco Power Indonesia.
October 25, 2021
M&A
Gallant Venture to acquire 66.25% stake in Singapore-Bintan Resort Holdings from other shareholders including Keppel Land, DBS, OCBC and UOB for $4.9 mil
Singapore-Bintan Resort Holdings has been loss-making since its inception.
January 25, 2021
Management & Corporate Governance
Hyflux survival in doubt as investor deal collapses
SINGAPORE (Apr 4): Water treatment company Hyflux said on Thursday that a lifeline deal with its prospective Indonesian investor had been terminated, throwing the beleaguered Singaporean firm's debt restructuring plans into doubt.
April 04, 2019
Management & Corporate Governance
SMI says Hyflux's schemes of arrangement 'do not satisfy' restructuring deal
SINGAPORE (Mar 28): Hyflux’s white knight SM Investments (SMI) has issued a statement saying it does not agree with the schemes of arrangement of proposed by the water company and that the schemes do not satisfy the conditions of the restructuring agree
March 28, 2019
Restructuring
Hyflux granted third deadline extension in search for Tuaspring buyer
SINGAPORE (Dec 4): Malayan Banking has granted a third deadline extension to Hyflux in its search for a buyer for the loss-making Tuaspring water and power plant.
December 04, 2018
Hyflux gets $530 mil lifeline from Indonesia's Salim and Medco groups
SINGAPORE (Oct 18): Two of Indonesia's largest companies have come to the rescue of Hyflux which is saddled with some $2.95 billion worth of debt as at end-March.
October 18, 2018
Property
Keppel and Salim Group to jointly develop and operate data centre in Indonesia
SINGAPORE (Sept 10): The Salim Group and the Keppel Group have teamed up to develop and operate a data centre in Indonesia.
September 10, 2018